Fannie Mae Preferred S (FNMAS)

[taintedfud]

how can it be worthless under any restructuring, right?

i think fnf function at the pleasure of congress. and under a congessional charter of some sort. i think congress can write a law, and pull the chain(not the light chain).

that is why it is important to get 5th ammendment money into the tsy before these guys figure it out. once tsy accepts money from a profitable company, i think the geni does not go back into the bottle. i think that is why demarco is still holding back the big bucks. once he can stick tsy with money, they stuck. don't forget CBO said fnf not profitable til 2021 or something crazy like that. congress thinks it has plenty of time to break up fnf.