Fannie Mae-No Politics (FNMA)

[rosen62]

Obit, can you think of ways in which Perry's case succeeds yet shareholders will not benefit or at least not in the amount they (we) believe?

Vacating the 3rd may mean going back to the 10% and perhaps getting back the DTAs which -to some extent- will recapitalize the companies.

Could the conservator choose to use those funds to pay off the Srs.? I believe there is a way of doing this? Could the judge also rule in this respect as the current set up where the Srs. can't be repaid is totally weird?

There is also the original agreement by which shareholders' claims are second to Treasury's, therefore even if recapitalization occurs shareholders may have to wait several years until all Srs. are redeemed.