The usual reasons. Most of congress and virtually all of the US media and population thinks F&F caused the housing crisis and recession. They think it is greed and incompetence within F&F causing their capital to drop to zero. They don't understand what is going on and above all don't want to see any investors make any money on F&F.
A quick run through bankruptcy would leave F&F healthy, wipe out shareholders, likely bring in all new management, and make everyone feel good that they finally let those SOBs get punished for what they did.
Not saying this is possible or likely - but while the tide is turning, there is still a lot of hatred towards F&F and those who invest in them.
I'm buying more on the dips so you know where I think it's going.
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