Fannie Mae-No Politics (FNMA)

[GreenWizard]

I dont understand why people talk about receivership or wiping out the common shares. If receivership would happen, it had been done before, when FnF was in severe financial crisis. They are in conservatorship. The sole objective of conservatorship is to restore, rehabilitate and restructure the company.
Why would be a financially solvent company in receivership?
Typically common shares are fully wiped out, if and only if the company is bankrupt. FnF were never ever bankrupt. So why common would be wiped out????????????
People often take the analogy of General Motors. We have to understand that GM filed for Chapter 11 bankruptcy. Thus they wiped out the common shares and offered IPO for new GM. FnF never filed for bankruptcy.
The only option left for DC morons: To return FnF to the private shareholders.
FnF