Fannie Mae-No Politics (FNMA)

[jeddiemack]

you know...

if the government wanted to be

They could redeem the preferred's at whatever price they want because they own 100% of the rights of the shareholders even the ability to agree to be redeemed at any price they wnat.

If the government wants to be callous...

Then they could say... $25 pref for $2.50 and $50 pref for $5 or even less. Say $25 pref for $1 and $50 pref for $2? or $25 pref for 50cents. Whatever price they want... remember they have ALL the rights.

There are no rights of ownership not transferred to the government ... ie... ALL.. ALL is ALL.

Peace