Fannie Mae-No Politics (FNMA)

[Louie_Louie]

Exactly why the government is washing it hands of DOING any form of a capital raise and is saying they will need TO APPROVE A CAPITAL RAISE PLAN instead, that the companies will be responsible for. This puts the onus on BOD and shareholders. This is what the JPS crowd fails to recognize and why I have been saying commons will be commons and jps will be jps, no special treatment via the government unless court establishes the need.
Jps have approached this as the government being responsible to do ALL the heavy lifting, but they are playing it very smart by not putting themselves into a position of having to play favorites. That way they can not be tagged later by those in Congress who would say they supported so and so friend investor, yada, yada, yada, etc. By having to APPROVE a raise they still have some control, but not hardly as much as if they went and did the raise themselves. Jps failing to recognize this is their own problem, and there are those who are still pushing their wrong assumptions.
Even though HERA says conservator can do a capital rraise, it does not mean him or the government has to, or how they go about doing it.