Fannie Mae Preferred S (FNMAS)

[JosephS]

They will. FHFA will just say "we didn't discuss the timing of the DTA with FNF" over and over....

A reasonable person knows that it is not only a valid issue, it is a huge one.

It's like talking about the loan loss reserves. We know that many of them will get reversed. When is the question.

Just because it "isn't discussed" doesn't mean it "isn't relevant to the conversation or situation"

Handing over all profits into perpetuity for no compensation is just stupid. No reasonable person, shareholder or entity would do it.

Period.

All about a reasonable person and what they would do and expect out of it. that is why this case is so simple and the gov't will try to make it complex.

They questioning will go like this: Did you know that the gov't promised to back the MBS debt of FNF?

Are you aware of these statements that the gov't will back the paper issued by FNF? (statements by Paulson, Geitner, lew, etc)

Did you know that FHFA's responsibility is to "conserve and preserve?"

How would the gov't back the debt issuance of FNF without keeping them out of r-ship?

if the company went into r-ship, would the debt be backed?

If FHFA didn't enter into this, would they have put it in R-ship? When?

You don't know? Ok. No more questions.