Fannie Mae-No Politics (FNMA)

[RumplePigSkin]

Peanuts - liquidation preference to 0 is the key and is being asked for, not ending the NWS, which happens anyway.

The $300+ billion paid to the gov is to be treated as a paydown of sr preferred liquidation preference = 0. It’s just an accounting entry. Plus, shareholders is requesting $30 billion to be repaid.

Be careful with the JPS quagmire trade ... very few outs ...