As we have explained before, we do not need a favorable outcome in the courts for this to be a highly successful investment, as we believe the re-privatization of the two GSEs is their ultimate path, and existing shareholders will be beneficiaries of this outcome. That said, a win in the courts would greatly accelerate this outcome.
We remain confident on long term value of F&F
We believe recap is eventuality regardless of courts outcome
-Ackman
Common or Pref we are all shareholders so lets not waste time on which one will do better than others
We all pursue a common goal
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