Fannie Mae (FNMA)

[wall_street61]

Wynn FnF Restoration Celebration Toast

Never fails. Always got to have one of these Vegas bs trips involved with every big lotto play.

FnF won't be restored without a court order....which (if) will only come after the SCOTUS decides the 5th amendment takings claim.

FnF may never be restored. They may be reconstituted into different legal entities. Recovery for common in either a takings outcome or a reconstitution will rely solely on an enterprise valuation, just as if FnF were re-organized or liquidated in a bankruptcy.

Lest I remind what happened to those bondholders in the GM bankruptcy....Judge Gerber upended the priority scheme at the behest of the government and some of that is still in court.

It will be years before any outcome, good or bad. You've got plenty of time to make reservations (or cancel).