Fannie Mae-No Politics (FNMA)

[Commons_Cancelled]

False. JPS have to rally the troops.

Once the Conversion occurs, we'll all be in the same boat. Most of the JPS holders will then have significantly more Common shares and even more Voting Power!

It'd probably be best to just eliminate all of the existing Commons so us JPS get even more ownership in the end. But that's not likely to occur unless the Admin panics and does the Sr. Preferred Cramdown Plan.