Fannie Mae-No Politics (FNMA)

[Louie_Louie]

The only gift Jps might get is their dividends turned on and that is IF #1 the seniors get canceled & #2 We attain enough capital threshold to allow the companies to pay it. The higher dividend pref's will be bought at 70-80% of par, possibly, to allow for an IPO of more cheaper dividend pref's. Then, possibly a public offering of commons after release IF the price is right and IF we have not hit needed capital to stave off a downturn at a minimum.

Jps puts too much self importance on their behalf. It is not the share class that will refloat this company in the future, and ultimately attract the most investment and money from retail and mutual funds, pensions. So, if the company BOD is wise and FHFA, they will not do anything that creates an abundance of commons law suits or negative common publicity if they are in fact needed to do a public offering.