Fannie Mae-No Politics (FNMA)

[Wise Man]

THE FILING OF THE BRIEF OF AMICUS CURIAE IS A GAME CHANGER.
No wonder why the holders of JPS are mad at our leader Carlos and they respond insulting him. They are fighting a losing battle.
The brief makes clear what's the role of all the Equity stocks when FnF are undercapitalized: help in the recapitalization of the enterprises with the dividend suspended. This is a basic concept in finance.
The thing is that a Retained Earnings account is the common shareholders' money held in the balance-sheet. So, if you hold a JPS, you are helping to recapitalize the enterprises and your dividend is lost forever.