Replies to post #462067 on Fannie Mae-No Politics (FNMA)

[Commons_Cancelled]

Reorganized into an LLC like $WMIH? That didn't work out too well, just ask Washington Mutual shareholders. I sure hope that isn't Commons fate, that would be terrible. I'd rather have my shares Cancelled that thrown into some garbage LLC.

[Commons_Cancelled]

Can you explain how the debt just disappears? I'm surprised more companies aren't going this route -- you know, just move the profitable portion of the business to an LLC and then just walk away from their debt/obligations.

Truly genius thinking! Are you possibly a CFO for a TBTF bank?

Expect Moelis, because it's coming!

[Donotunderstand]

nope

I again encourage you to read CH11 cases - any 10 at random - where a waterfall is set up …

preferred - whatever name - Joe Preferred - senior - sub far junior - are never ever debt