Fannie Mae (FNMA)

[955]

Not sure about the Pref's getting cancelled part. They were victims too just as we were. F&F were never insolvent. We'll see.

I Always Told You All, Instant Recap !!

I Countless Posted :

1. Finally there will be a simple Business Solution, by commonsense everybody sitting at a table, but by Criminal Gov Minds the Table Is Now At Courts !

2. Gov's CS and SPS Get Cancelled, Because All Obligations Even Overpaid and By The Overpayments Returning F+F Is More Than Recapitalized !
( But Most Declared Me A Joke. )
The present $ 124 Billion F+F Get Returned represent the Watt Capital Standard of in The Middle for Bad- or Good- Economic Times !

3. It Results to None IPO or Relisting Offering ( MC Bla-Bla ) for Recapitalization and that means also None of Any Conversions Will Be, contrary, By Insolvency Laws Old-Prefs / Debts after Sept. 5, 2008 Get Voided as usually applied In Companies History ! ( Gov or F+F Is Not Generous. )
There Will Be Just Relisting, Possibly With New Prefs by Reasonable max. 5% Interests/ Dividends to attract New Investors at World Biggest Healthy Companies.


Happy Weekend To Everybody