Fannie Mae-No Politics (FNMA)

[The Man With No Name]

Gary Hindes only referenced the government being entitled to the 79.9% via the warrants, nothing re: the senior pfds. Although in the past (before the SCOTUS ruling), he argued to write it down.

Yeah, selective optimism.

Strange no one mentions the mandatory write down provision of the liquidation preference in the SPS upon the issuance of new stock yet also says JPS can't be converted to commons.

It's nothing more than common holders cherry-picking what they want to hear.