Replies to post #320613 on Fannie Mae-No Politics (FNMA)

[big-yank]

You can have all the illiquid assets in the world and still be insolvent and forced into liquidation. Insolvency is the inability to pay your bills. Assets are almost meaningless in such scenarios, as I recently lived through with Dendreon and Exide who, like Fannie Mae, weren't clinically broke but both went bankrupt and their common shareholders got wiped out in the reorganizations.