Fannie Mae-No Politics (FNMA)

[Louie_Louie]

JPS holders are hoping to jump on the coat tails of common share appreciation (we know it's coming) via conversion of their low value jps positions. Those who bought prefs at higher cost are now deep in a hole with no dividends foreseeable for years. That's why the jps drums are pounding for liquidation, Moelis, conversion, cram downs, free lottery tickets, extra special treatment because they are special.

The government is not going to play favorites, sorry. Their position on jps and commons is going to be, you made the investment, live with it. You made your bed, lay in it.

Calabria is on record saying all shareholders should have been wiped out, so don't go looking for any favors from him. The courts can rectify much, but those rectification's will primarily be the claims affecting the companies (derivative) and not individuals (direct). If the Companies improve, shares improve, commons = unlimited potential
Pref's = limited, capped.

The only thing working for both legacy common and jps holders is the government can not, at this point, wipe us out, but nothing prevents them from treating us like the bass-terd redhead stepchildren. They will be forced to respect previous shareholder rights through the court process, if our courts are truly justice in waiting,,and the unlawful take over will be brought to light.