Fannie Mae-No Politics (FNMA)

[cclose1]

I'm sorry i must have missed the convertible option in the preferred stock terms. The writing is on the wall, the twins will be released subject to a capital restoration plan. Since, there is no obligation for the board to declare a dividend, and conversion does not raise capital, thus there is no rush to convert, injunctions/lawsuits for breach of fiduciary duty will follow.