Fannie Mae-No Politics (FNMA)

[Here I am]

FnF WILL GET RID OF THE JPS.It means that they will be redeemed at their par-value, not wiped out.
They will disappear, gone, out, evaporated, done, etc.
The fate of each type of security issued by FnF, won't be affected by a direct decision of the U.S. Treasury, but the financial markets will price in any scenario laid out by the Administration. In other words, the Administration won't deal with the securities.
So, FnF won't be forced to raise Capital to bail out the holders of JPS so that they can get their par-value sooner than otherwise would be if FnF are released today Undercapitalized, according to the FHEFSSA, and build Capital through Retained Earnings.
They won't be swapped for Common Stocks either. They are obligations and their fair value is way below the common stocks'.
Keep dreaming on a warrant exercised and multiple stock offerings, the truth is that you can switch your JPS for Common Stocks yourself in the smartest decision that you will ever make.
LAST DAY TODAY. MAKE IT OR BREAK IT.