Fannie Mae-No Politics (FNMA)

[Donotunderstand]

nope

to accept that - one has to believe there is some meaning to $1 PAR for common at Freddie which you showed

sorry but it is a step in a process to issue and book on the balance sheet equity shares

after that - SUCH use of PAR is over

recall my arguing with so many about JPS being equity and not bond

But here ---- as to the amount of money F or F need to pay holders to buy back the shares (and where holders/owners must submit to the call) it is the more common usage of PAR like a bond --- $25 etc

We can argue forever with no agreement

So let us see if F or F call in - redeem - the JPS and if they call it $25 PAR or $50 PAR -- like a bond

Until then - enjoy your understanding --- it does not mean anything but who knows - you may be right --- but no one knows until the shares are called in under the prospectus

ANYONE - HAVE A PROSPECTUS? ---- WHAT DOES IT SAY ABOUT CALL ?
Again - 90% can be called after 5 years at any time (likely a dividend date) --- Does the prospectus use the words redemption value - or liquidation value - or PAR value ?????????????