Fannie Mae-No Politics (FNMA)

[bradford86]

The counterargument to your perspective is tha the companies are being overcapitalized and the investors who will be buying restructured common will see that the risk of ever being put into conservatorship with overcapitalized amounts of capital is 0 — they didnt need conservatorship in 2008 when they had less than half as much capital as they do now and made half as much money as they do now. And they still are not capitalized. When they are — the risk of conservatorship will be zero