One a serious note, giving away the equity of the enterprises for pennies on the dollar...
...would hinder the Recap jeopardizing the stability of the GSE affordable housing mission and the U.S. economy it props up. That's no laughing matter!
Derivative claims returning to the entities primarily benefiting their common $FNMA~ $FMCC~ owners...
...is exciting, AGREED! :-)
Still time to manually convert JPS to Common $FNMA~ $FMCC~ before SCOTUS lets da catman do outta da bag tomorrow :-D