Fannie Mae-No Politics (FNMA)

[bcde]

"I'm not condemning anyone from making money! Pref's and common are in the same boat and should be treated the same. Pref's are hung up on a conversion because they know commons will have more potential after things are more known and accomplished. Aka release"

Very good point. All along JPS holders are peddling the narratives that JPS are better investment than CS, but at the same time JPS holders want to convert JPS to CS.

Why would any conservator or company management agree for this?

How does it benefit the companies in just giving way cheap Common shares when companies can buy JPS at 60% to 70% discount from the markets?

Even when companies are liquidated, JPS holders get nothing because SPS take everything. Can anyone tell us how JPS are better investments?