Replies to post #591127 on Fannie Mae-No Politics (FNMA)

[FOFreddie]

Thanks for the follow up.

I was wondering if the UST could use the Securities Act exemption to justify actions that other investors would be subject to prosecution for.

Going forward I think it is going to be interesting how the special federal status of the FNMA and FMCC and the roles of corporate and shareholder law in Delaware and Virginia are going to impact the restructuring of FNMA and FMCC. I am thinking that a settlement is more likely going to happen by shareholder vote rather than waiting for the courts to make a determination.

Do you have any thoughts on this. A shareholder can be a holdout and look to a court or state remedy or vote for a settlement vian an exchange offer or proxy vote? How will Ackman and GFA realize their value - waiting for the courts or negotiate a settlement with the FHFA/UST and put it to a vote?

It will be hard for me not to do the same as Ackman and GFA if I have the opportunity to do so. They seem like bold and smart investors.