Fannie Mae-No Politics (FNMA)

[bradford86]

chapter 11 isn't an orderly wind down; it is just a restructuring; and the business continues; usually chapter 11's are prepackaged;

in this case; the government via conservatorship took $190B of face value spspa and 79% of warrants in common share at present;

that is a lot of damage for any dilutable securities for enterprises making $28B and historically valued at 10x earnings that currently are short of their capital requirements.