Fannie Mae-No Politics (FNMA)

[bcde]

"Because it's not a loan. It never was a loan. Where does anyone get the idea that the seniors were ever a loan? The seniors are equity, and equity does not get paid back. Dividends do not reduce the liquidation preference of a preferred stock share."

One should be out of their mind to keep on peddling this lie or false narrative.

In US any company can redeem or buyback any investment like debt, PS, or CS. This is how it works with any company.

Is there anything similar to what you are describing that is not extinguishable like debt or investment?

That is why Judge Sweeney compared conservatorhip/UST to mob.