Fannie Mae-No Politics (FNMA)

[Louie_Louie]

I bet none or most of the JPS holders have actually read the sales flyer (prospectus) from the companies. It says right near the top noncummulative and specs those par values. They think if original pref shares were sold at $25 then 25 is par! Yet look at the prices. Their logic is they can buy at current prices, BUT must be made whole at whatever the original offer price was ie $25, $50, $100, etc. They demand this par value from the government, which is even a bigger lift. Lol
If it's a restructuring why are not all the prefs at par? No case says anything about guaranteeing par. The government and courts says jack squat about shareholders other than they currently have value. Some folks need to smell the coffee.