Fannie Mae (FNMA)

[kthomp19]

The share price the day before the invasion is not indicative of the "fair value" of the companies at that time.

Agreed.

As it turns out, on June 30 2008 both Fannie and Freddie said in SEC filings that the Fair Value of their common equity was NEGATIVE.

I'm sure you didn't mean your comment to be such a self-own, but it's funny how things work out, isn't it?

The damages in takings lawsuits only depend on what the property owner lost; what the government gained means nothing. Since common shareholders had negative equity, according to FnF's calculations of Fair Value, the day the conservatorship started, it's pretty hard to argue that anything in the SPSPAs (including the warrants) harmed them at all.