Fannie Mae Preferred S (FNMAS)

[rosen62]

a year ago they would have offered to buy out pfds at 50 cents on dollar

the GOV could still do that while the fate of FNMA is in doubt -

So the deal will look like... Treasury keeping 60/65 bill in DTAs from Fannie and 28/30 bill from Freddie plus all future profits including DeMarco's recoveries while negotiating a payout of 17 +/- bill to payout all Jrs. at 50% hoping to convince hedge funds to drop the 3rd amendment (PSPA) case and Berkowitz's takings case. Almost like getting away with murder.

95/17 = 17.8%

So that 50% payout is only 17.8% of the DTAs! Talk about takings.