Monday, October 07, 2019 5:36:31 PM
FHFA is a gov agency, any conversion (if any) will be either to
1. Fit gov agenda or policy. That is public use. So 5th amendment kick in.
2. If not, that is for private use, House will ask why Gov agency push for a private use? How much? Who is the beneficiary? Have They had any link with SM, MC, WH, DJ? U want another item in the impeachment list?
Look at the market today FNMAS is flat and FNMA up 4%. Smart money is doing conversion to Common in open market.
Pay back the par value over the period of the JPS contract as Current JPS have been counted as core capital.
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