Fannie Mae-No Politics (FNMA)

[bcde]

"Again, if and when we get released from cship, a BOD (again) takes control of the company, which is elected by common shareholders..to represent common shareholder interests..not the government, not the preferreds interests. "

chessmaster315,

Some how kT19 enjoys peddling old broken records that JPS are better than CS.

Once FnF are released from conservatorship, whether elected by shareholders or not, BOD/CEO owe legally mandated fiduciary duties to CS holders. As far as JPS are concerned, only terms of JPS contracts matter.

FHFA or US Agencies are not going to tell FnF on how to capitalize or manage their capital structures to avoid shareholder lawsuits.

More over there is no need to raise massive capital or convert JPS.