Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

FnF's capital requirements and Treasury's senior pref liquidation preference just keep going up over time.

This assumes zero changes to the pspa or any litigation recoveries, is that how this saga ends?

That was proven false with Citi, who offered a conversion to common to preferred shareholders whose contracts had the same "Non-Convertible" language.

Did the board of directors approve that?

Remember KT, 2 signatures can amend and/or eliminate the bogus pspa, the courts may also have something to say about the loan that the corporations could never repay as well as the $308B transfer of needed capital into the Treasury's coffers.

Forecasting the future based on the papa's being set in stone and that the government is in the profit maximization business as well as zero court recovery could be wrong. GLTU

Why do jps have double digit intraday volatility between the outstanding issues when they are mostly a play to get par quickly?

Was there this level of intraday volatility before the SCOTUS ruling?

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