Replies to post #783948 on Fannie Mae-No Politics (FNMA)

[kthomp19]

but then again they could have , but DID NOT

That doesn't disprove either of my two main points. Since Treasury was ready to move forward with a senior-to-common conversion the following things must be true:

1) A senior-to-common conversion can happen.
2) Treasury does not fear any lawsuits over that conversion.

Anyone who says that a senior-to-common conversion cannot happen, or will not happen because of lawsuits, is just plain ignoring reality.