The scenarios of the GSE's and AIG situations are strikingly similar.
** WRONG, THEY BOTH APPLE and ORANGES... COMPLETELY NOT THE SAME
The government will get their pound of flesh from the common holders just like in AIG but the preferred will be paid in full just like the pre existing preferred from AIG, national city bank, Citi, Bear Stearns, Merril Lynch, Countrywide and all of the others that were merged and not liquidated. Even the preferred from Indymac got a payout from liquidation and the common did not.
** WRONG AGAIN, THESE AIG, CITI, THEY CUDNT PAID THEIR BAIL OUT.. FNF ARE IN SURPLUS, SOME OF LIKE COUNTRY AND BEAR ARE BANKRUPT AND BOUGHT. FNF ARE NOT ON THESE SITUATION AT ALL.
It is truly an uninformed position to assume that the common stocks will receive anything before the preferred holders are satisfied.
** 3RD STRIKE WRONG AGAIN AGAIN. JPS ARE NON CUMULATIVE, IF U THINK FROM LIQUIDATION MONEY THEN U ARE DREAMING BIG TIME AS ABOVE 2 STATEMENTS THAT YOU BASED ARE NOT HAPPENING. IF PAYMENT EVER MADE PROBABLY BECAUSE OF PAIN/SUFFERING OR RETURN EXCESS TO FNF AND BOD CAN DECIDE ONE BIG DIV BASED ON JPS OR COMMON, THEY WILL RECEIVE WHAT THEY ARE OBLIGATED.
The country is dependent on the GSE's to maintain stability in the housing sector and they will be around for a long long time.
** ONLY TRUTH YOU CAN TALK PROPERLY HERE. MAKING THEM BANKRUPT WILL PUT US CHAOS, DEBT BEING ADDED, CREDIT RATING DROPS, ETC,,ETC,,