Fannie Mae-No Politics (FNMA)

[Louie_Louie]

Current commons own 20% of the companies, if warrants get canceled, then possibly more,,way more. Commons own the right to vote on company matters when released or consent decree. Common shares are what will entice new capital because people will want growth in share price, not a liquidation preference on something that is non cumulative. These are the reasons all you jps want conversion, right? Except you expect a stellar offer from the government even though commons have as much right to being treated special, if not more. But for now it's drive negative information so you guys can get your hopefully 20 to 1 conversion....ain't gonna happen, sorry.

Prefferred's own a dividend (not being paid and will not be for a while) and a liquidation preference, which as we now know is a non event, non existent enticement only to hand money on over to the companies to use as they will.