Fannie Mae-No Politics (FNMA)

[The Man With No Name]

So it's feasible for Treasury to fear lawsuits in the AIG takeover, but not FnF? Got it. Just trying to keep up with your nonsense.

FFS

AIG wasn't in conservatorship. AIG actually had a fiduciary duty to its shareholders. The fear, what little it was, accounted for the 8% gift shareholders received in AIG.

FnF are in conservatorship (less rights than if in Chapter 11 bankruptcy). FnF have no fiduciary duty to you. Two different parts of the government are determining the outcome. Common holders have no say at all, JPS have limited contractual rights.

Treasury will likely take at least 92% of FnF, but the remaining 8% won't be going to legacy commons.