Fannie Mae-No Politics (FNMA)

[The Man With No Name]

Because I've been an insider in multiple capital reorganizations and not once, ever, in the history of reorganizations that I know or been a part of, has the entity at the heap of the pile with all the leverage and the most to gain just said, "screw it, you fellas without priority in the waterfall, ya'll just take our billions and we'll walk out for nothing".

It's stupid to think Treasury will become a charity after all they've done. They will not walk away from $193 billion dollars in value. They will use it in the most advantageous way possible. Can you imagine the political shitshow if they just said "we just flushed $193 billion down the toilet and people who bought common shares for pennies get a windfall"?