Replies to post #699391 on Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

(Most interesting to me)
Granting ALL other RELIEF as THIS COURTS deems just and appropriate

Given the atrocious behavior of federal government officials throughout the 13+ years of "conservatorship", post trial, it's not a huge stretch of the imagination to see a judge issue meaningful relief for the beleaguered shareholders, we'll see what happens...

[kthomp19]

Well, Kelly v. USA., for starters. I also look forward to other lawsuits brought forward.

Kelly was just filed, so does this mean you don't expect anything meaningful from the other existing cases?

but what plaintiff in Kelly v USA seeks, differs from collins and others.

I agree in that Kelly has a critical difference from other cases: it is a derivative claim that challenges events from 2008. This could be highly significant.

E. (Most interesting to me)
Granting ALL other RELIEF as THIS COURTS deems just and appropriate.

I wouldn't try to hide an elephant in a mouse hole here. The USCFC doesn't have the authority to unwind the conservatorships or any part of the SPSPAs.

This is the choice I made after weighing risk and reward. I totally understand why some have jps, common, or both. I have held commons for a while and sticking around til the end. Not going to switch over to jps. Some on other side might agree and are doing the same, just in the other direction.

Fair enough. I'll admit, your first post almost read like a laundry list of "common nonsense" that I have seen over the years, but the others have been much more reasonable.

There is possibility in what I say, just it is rejected because of people fearing the probability of what I say.

Feared by whom?

Personally, if I got everything wrong and the commons go to $20 or $40 or $200 or whatever, the juniors will have to hit at least par (could be more if converted or divs turn back on) and that will be enough money to set me for life. I used to dislike the prospect of the commons outperforming the juniors, and I still highly doubt it will happen, but I am not bothered by the idea now.

Also govt coercing a "conservatorship" based on lies and not financial condition, taken profit on a forced "loan", saying the forced "loan" wasn't paid back, and then wanting to cash warrants in for more money IS GREED.

It was about money, power, or both. Most likely both.

I do assume that FHFA and Treasury, who have acted with money and power as their primary motivators in the past, will continue to do so rather than reversing course. As such, I think either the seniors will be converted to common or the warrants will be exercised. Not both, but not neither.

Well there it is. You asked a question and I hopefully answered it. Thanks for your time reading and responding.

That you did. I appreciate your attention and response as well.