That is a well researched, and thought out post that I will keep, and give you a follow mark for. Sadly, none of that means squat to the PPS until the Second, or Turd branch of da gooberment gets up off the pot ;-)
Since they dumped a bigger loan on Fannie than was needed, Fannie should not be liable for any interest payments on the extra amount. A reduction in liability would add to our equity.
Thanks for the analysis. My immediate response to your first couple of paragraphs is: shouldn't shareholders sue FHFA or FNMA/FMCC on the basis that the overestimate (false information) of the accounting losses has caused shareholders to relinquish their rights under the conservatorship, which turned out to be unnecessary from the capital point of view? Is there a pending litigation that touches upon this issue?
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