Fannie Mae (FNMA)

[RumplePigSkin]

LuleVan - JPS shares are a quagmire. Tim Howard, the very same person who issued the shares you own, called the JPS shares a quagmire.

The Liquidation Preference is on the table to be 0'd out. If that happens game, set, match, Commons win forever. Period. QED. Full Stop.

Why go to such twisted logic and scenarios? This isn't that complicated at this point. The Biden administration seems open to writing off the LP even if SCOTUS doesn't.

Hasn't Berkowitz sold? According to Braford, he has ...

Hasn't HoldenWalker sold? According to Bradford, he has ...

Seems a bit desperate. Wouldn't you balance your GSE portfolio to add commons even from your perspective if there is a chance the NWS is voided and LP goes to 0? Or the whole conservatorship goes down the tubes?

Why did JPS lose 50% value relative to commons shares? Could it be Tim Howard is correct? A quagmire?