Right. Because who the hell is got the money to sue the government and have a chance but the super rich like these hedge funds? Got a f'n bulldog of a litigator too. My bets on the hedge funds. I watch and trade Fannie hoping that what is good for the hedgies preferred may be good for the common too. I have looked into the conservatorship agreement thoroughly, and although I am not a lawyer, it seems pretty common sense that the government has not attempted to do anything that has been in the best interests of Fannie, or to help bring Fannie out of conservatorship, and has unfairly commandeered all funding in which could help Fannie get out of conservatorship, thuswise making it impossible for the entity to ever get out of the conservatorship. That is why the government is going to lose. They are stealing. I hope the hedgies do not cut some back door deal with the government that only benefits preferred shareholders though.