Fannie Mae-No Politics (FNMA)

[M I A]

"Kelly was just filed, so does this mean you don't expect anything meaningful from the other existing cases?"


I'm not going to try and guess at how meaningful it might be from those existing cases, but maybe something happens that starts a meaningful chain of events. We'll see.


"Feared by whom?

Personally, if I got everything wrong and the commons go to $20 or $40 or $200 or whatever, the juniors will have to hit at least par (could be more if converted or divs turn back on) and that will be enough money to set me for life. I used to dislike the prospect of the commons outperforming the juniors, and I still highly doubt it will happen, but I am not bothered by the idea now."


Not by you, as you stated, but some.
Fear, was a word used by me describing others having less belief in MY view of probability in the highest favorable outcome for commons. Scared/fear, for lack of a better word, that it might end up more on the downside than upside, in which case would then opt for a safer position in jps.


"As such, I think either the seniors will be converted to common or the warrants will be exercised. Not both, but not neither."


Agreed, that only one of the two and not both. I still believe it's possible, before this is over, that gov't gets told to walk away with all that money they collected (even without returning any money), but not taking more. Again my belief and why I am holding.

Thank you for your time responding. I hope it works out for us all.