Fannie Mae-No Politics (FNMA)

[jeddiemack]

Yes, but in this case...

since the government is management at fhfa / gse's and they have 100% of ALL rights in the shares ... all shares... they could

Agree to redeem preferreds at 1/100th of face value just like they've done with commons ( effectively driinvgng the price to sub $1) and just do it and the pref holders would have nothing to say about it, since lamberth already has said they have ALL rights of shareholders, to vote and to represent the shares..

No need for a chapter filing to achieve that goal ... if that's their goal.

...

Lets all hope not.

If so, more litigation and more time.

Remember government has an endless supply of idiot lawyers and paid for judges and all the time in the world. Whereas, we investors, well, we are time limited and other interests to pursue.

Just really a shame government is so corrupt.