Replies to post #750757 on Fannie Mae-No Politics (FNMA)

[familymang]

The value of the SPS is the value value of the LP, discounted by how much they think they can actually realize of that based off their internal financial models, which comes out to ~$220b.

Yes Collins/Rop/Bhatti may set the LP aside, but all 3 plaintiffs(all being represented by Cooper & Kirk) are ok w/ conversion to common as the remedy as they have formally requested it as one of the 2 remedy options they are asking for (1) conversion to common or 2) write down of LP to zero). So if government wanted to release the GSEs tomorrow and wanted to do a settlement and offered conversion to common, you think those plaintiffs would say no when they explicitly ask for it in their prayer for relief?