Fannie Mae-No Politics (FNMA)

[Donotunderstand]

but restructuring the equity side --- does not in and of itself reduce the SPSPA growing obligation

Bluntly - I do not like being told we keep our dollars but then - off on the side 1:1 we increase our pay back obligations ---- and see that hailed as a big achievement

Hey I will lend you 10K if you agree to owe my kids 10K

My hope - pre SCOTUS - was that the LT/LP (I forget) would be negotiated away for money paid - the excess $125 and all the 10% dividends

If that were to happen then the CASH F and F kept would stay with F and F and the increased LT/LP SPSPA is wiped clean -- cool

I am 50-50 (WAS) in dollars between JPS and common

Equity is Equity in most cases other than a true CH 11 when a JPS might have a slim edge in the "ladder rung"

But the current prices for JPS make them the better choice for new money into F and F equity - there - for now - I will agree -- but it is all a massive speculation and one that looks darker now (I did not sell)