Fannie Mae Preferred S (FNMAS)

[rosen62]

Tincupx, that is a great question.

Since the contention for Fairholme and Perry is the 3rd amendment a negotiated resolution may involve pre/post Aug 17, 2012 purchases. I also suspect that if the 3rd amendment is vacated by the judge, this ruling will affect the entire class of equity regardless of when purchases happened. So the judge could potentially make everyone whole whereas a negotiated agreement might not.

But as 44c always says, I am not a lawyer so this is a layman's opinion and is worth no more no less than anyone else's opinion.