Fannie Mae-No Politics (FNMA)

[Commons_Cancelled]

That's more in the event of Receivership. Treasury cancels SPS, new FHFA Director declares GSE's critically under-capitalized and also declares Receivership, and GSEs should have enough to pay out JPS at ~75% of Par.

I'm not expecting dividends because I assume if things don't completely fall apart in the next two weeks, then my JPS will be Converted to Commons.