I ask you.....is there anything better in this world than being a a jps holder?
-noncummulative. For those lacking understanding : means No Dividends while companies are in capital raise mode,
-nonexistent liquidation preference. I'll say it again...listen, GSE's will never be bankrupted.
-NO DIRECT CLAIMS. Sorry 8-(
-No case being fought or primary government head has ever asked for conversion.
-No case being fought or primarry government head has ever asked for cram down.
-No dividends, this may well continue after consent decree release.
-No derivative claims unless a judge reinstates both common and jps dividends.
-No contract rights, they say a case is being fought on this, but sorry to tell ya, while IN CONSERVATORSHIP, your azz belongs to the government, just like commons. If you get your contract rights, then we should get our voting rights.
-No par, the lucky ones will get 80%. Those who bought jps for a few bucks, most likely will not get a windfall! There's that word again, windfall. You are not immune from congress, MC, SM or DT. No matter what any pundit says the JPS will get, they absolutely do not know and you are mislead by this. Only when either the key government conservator MC, or Sec treas. SM, or JPM/MS/investment advisors or the president specifically states what will happen, then and only then can you be somewhat sure. Jps will not fair any better than commons. Jps saying they should get par is like commons saying they should getting $70-80 a share as the price was b4 conservatorship.
-No, jps do not matter in the hierarchy of the corporations right now. The government controls EVERYTHING until, #1 a consent decree, or #2 courts take hold of the legal reins and put the government in their place. For jps holders to keep denying this simple fact, is very dangerous to their financial well being. So all the jps blather about share structure, dividend pref, etc is nothing, not-a, no win. You have nothing but price fluctuation going for you, just like commons, so wake up and smell the coffee!
