Fannie Mae-No Politics (FNMA)

[Donotunderstand]

The key part that says - for now - for step one - such as an end to the NWS - preferred stock and common stock start the same is


This may be true...but the appropriate remedy would NOT be to give those dividends to the junior preferred shares. If the courts agree with this claim, then the appropriate remedy would be to undo the senior dividends and return them to the parent company...in this case the GSEs.


Some people simply do not want to accept that absolute truth (but we all want the NWS killed so we are all (mostly) pulling in the same major direction)