To support the outlandish theory that FnF go to zero;
Do you think Congress will allow the government to add all the debt of the GSEs to the balance sheet?
What happens to the assets of FnF if liquidated?
What happens to all the retained business that is to be serviced?
I would love to hear what how this would equal a complete loss for shareholders. Even in the worst case scenario, Bruce Berk has made a case that FnF is still undervalued.