Replies to post #778025 on Fannie Mae-No Politics (FNMA)

[blownaccount9]

On the basis of overpayment to the Treasury because NWS might not be legal which now once the trial is certified has precedent. They stopped the sweep in 2021, but the "discovery" or the trial that determined the illegality was 2023(might not be certified till 2024). Most places you have 1-3 years to file suit before statue of limitations comes into play. I think a lawsuit could have merit granted I am not a lawyer. Regardless, I would be excited to see government agree Senior prefs paid in full from previous payments, cancel Liq pref, and simply exercise warrants as part of the agreement to recap and release.


I can see why based on how it has gone the last 15 years you would think the government would never let go of any of it's 3 chokeholds on FF... but what do they stand to gain if they leave investors with nothing? At that point, nothing would change and they would just hold both of them as they are forever at which point the preferred shares aren't worth anything either.

[trunkmonk]

FUR about a hundred billion or so dollars, some just cant get over their complete and utter failure with receivership malarky, but at least they finally admit their will be no gain for such approach in court, which is why they constantly talk about someone somewhere doing a pancake stack and dilution of their tears. Ps are a joke, for real.

[Donotunderstand]

?
right now - best I understand ? GOV has "rights" of various sorts that come to 80% of non CH 11 FNMA ??

statute of limitations - would not apply to an action - any action - the GOV takes in 2024 for example to increase the 80% to 99% or more.

(Even if the SP and LP and WTS and "all that" have been and are deemed 100% legitimate -- I believe Fannie Mae common can make a winning case that GOV "took 79.99% long ago" and fights against that were lost but 100% was never intended or authorized