***BOMBSHELL*** The FHFA shouldn't have ordered the "elimination" of the common stock par value on day one of conservatorship. Primarily, because it was not an elimination but an accounting reclassification from par value to Additional Paid-In Capital. Both represent shareholders' money. The thing is that a common stock par value cannot be reclassified. It can be distributed to the shareholders or reduced/increased with a stock split/reverse split. Having a common stock par value is irrelevant for the stock price or for the shareholders and the company. Usually it's as little as $0.01ps or $1ps. A common stock no par value is irrelevant too. So, another unlawful act that maybe aimed to spread the lie of "nationalization" or "distressed restructuring". More detail on #Fanniegate.
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