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Thursday, August 29, 2019 12:06:26 PM
and this is in real simple terms...
FNMA needs to refinance its long term JPS debt.
Issue new JPS at a lower % rate.
Cost to service to loan goes down.
Pay off all JPS with the new JPS Debt.
Simple.
JPS goes away...Commons go to shareholder meetings.
Can be done quick and easy.
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