Replies to post #710533 on Fannie Mae-No Politics (FNMA)

[bradford86]

the fairholme case in front of lamberth

breach of contract implied covenant of good faith

with respect to liqudation preference and dividend rights.

commons have $0 liquidation preference.

dividend rights may be worth like $1.50 a share.

collins? collins is pushing for conversion of spspa to common. so $0.10 for common there.