Fannie Mae-No Politics (FNMA)

[Louie_Louie]

Here's the biggest flaw in the JPS plan to rape a windfall in conversion, back dividends or par+....the government does not like competition while it is in full fledged thievery of the GSE's. So the more JPS push for any imaginary plans the more less likely it will be, like cutting your own throat. JPS are headed for a reckoning with the government, and the government won't lose, why? Because the government does not like competition in taking GSE money or equity. (does that sink in yet?)

Back dividends will be tossed by Lamberth. The contract claims JPS constantly site do not take into account the most important fact that all pref holders should have known and read BEFORE they purchased. Noncummulative.

What Is Noncumulative?
The term "noncumulative" describes a type of preferred stock that does not pay stockholders any unpaid or omitted dividends. Preferred stock shares are issued with pre-established dividend rates, which may either be stated as a dollar amount or as a percentage of the par value. If the corporation chooses not to pay dividends in a given year, investors forfeit the right to claim any of the unpaid dividends in the future.