Fannie Mae Preferred S (FNMAS)

[taintedfud]

"My opinion is much sooner than later

I don't think Bruce Berkowitz tied up $500M to sit around waiting."

i completely disagree. i do not see the feds giving up a 30-60B/year cash cow, or writing a 40B check for back dues quickly. this is un tested legal mud, and will take one or two supreme court decisions(there is a distinct possibility that the federal court and the district court cases [3rd and 5th adt]) cases track separately. the feds will stall forever. 5 years if lucky. 10 years if feds are lucky.

those of you thinking 6 months to 1 year are dreaming.