Fannie Mae-No Politics (FNMA)

[YanksGhost]

Thanks, L_L. Add one more JPS POTENTIAL outcome. There is a very real probability that they lose any direct claims in any remaining suits and Calabria insists max Cap gets raised before any release from C-ship. In such case, JPS goes into years of dividend purgatory while FnF rebuild capital from retained earnings and maybe a fractional SPO.

If this option ensures, JPS will live in an unflushed toilet for the foreseeable future. No dividend = cratered S/P until restoration occurs on a quasi-illiquid preferred stock.