Replies to post #349689 on Fannie Mae-No Politics (FNMA)

[rocco2]

I doubt any restitution will be made to F&F,or the investors ( AIG Greenberg ) nobody will go to jail and the 10% divy will be re-instated.

This slog will last a few more years.

Step one. Eliminate the NWS

Then dissect the fraud

$$ FNMA

[big-yank]

Plaintiffs are suing for damages and restoration of their dividends in the Fairholme complaint. So, in your opinion, the court will agree with them and reverse the NWS, but award all the money to the entities? That sure would make Bruce Berkowitz look like an idiot for tying up so much capital in preferred Fannie Mae stock and bankrolling huge legal expenses, all for a relative nothing in return.