Fannie Mae-No Politics (FNMA)

[Guido2]

Here's a reminder from cherzeca (better known as ROLG) on https://www.cornerofberkshireandfairfax.ca/forum/general-discussion/fnma-and-fmcc-preferreds-in-search-of-the-elusive-10-bagger/15840/#lastPost

"agree. I get the sense that calabria (and mnuchin) want to take care of things on their own, let the litigation become moot by their action and let the junior prefs deal with the GSEs and their financial advisors down the road. I have the sense that you will see a 4th A having such terms and at the time of their choosing, and if it gives Ps all they would get by way of remedy, then no need to engage other than to simply go into court and say the cases have been mooted by 4th A...recall Calabria saying that the litigation will "take care of itself". but recall one part of the litigation landscape involves the question of his own possible longevity, so if he doesnt give Ps what they want and biden is elected, he can ride off into the sunset on his mule"

What are the preferred plaintiffs fighting for? LOST DIVIDENDS FOR THEMSELVES. That's insignificant. Calabria wants the fourth amendment to take care of the lawsuits, not initiate new ones. Exercising warrants would initiate new lawsuits. So would conversion.