Fannie Mae-No Politics (FNMA)

[Donotunderstand]

solid - thank you

questions

1. I suggest when most JPS are bought they do not enter into a legal contract for PRICE as 99% for most issues are on the secondary. What is assumed by the NEW owner is the promises in the prospectus (first divvy and eventually PAR or FACE) ??

2. Serious Question

I agree JPS have this contract (explicit v say implicit in common).
SO JPS need to be paid and conversion is super hard

Does that mean that the SPS - also preferred - have the same stubborness?

Actually I so assume !!!! but I also assume there will at some point be an inside court or outside court SWAP of any obligation by FHFA F or F to pay back any of that infusion into equity in return for money paid already (above by 100B?) ---- some NWS over payment swap > 100B value --- or - more negotiation and get it done --- kill the SPS for money paid in total already and the GOV right - with no lawsuit from those who sign up - when WTS are used to raise money for TREASURY ---- if TREASURY agrees to reduce capital needed (force FHFA) and no SPO