Fannie Mae-No Politics (FNMA)

[The Man With No Name]

There's no need to. Thanks for zapping my post within seconds of me posting it....all it had to do with was the state of affairs as they are now and what they need to be in order for JPS or Commons to see a penny.

You should look up 'liquidation rights' for the JPS and liquidation rights for commons. Hint, you won't find any for commons.

I've been in the distressed investing game for well over a decade...as well as a lot of bankruptcy experience, so you can trash what I say if you want, but you're doing yourself a disservice.

Preferreds will see a return before commons, that's just how the law and contracts work.

Right now neither are in the money. I own $5M JPS.