Fannie Mae-No Politics (FNMA)

[Louie_Louie]

If part of the goverments plan is for the companies to buy jps shares, accumulate, then after aquiring a voting majority, it says the companies can terminate at anytime any class of pref by offering a buyout. It does not say that absolute par has to be offered, only a price which JPS can vote either yes or no to liquidate. Fairly easy to understand if companies own the most shares they own the vote and can set a price at whatever they want. This can all be accomplished behind the government curtain of doing whatever they need to for FHFA, taxpayer and the companies.

There is a BOD right now, who is most likely 100% government controlled, but the courts would be blind to this fact with all the BOD appointments over 14 years and the canning of the original BOD. Ask yourself, Why did they can the original BOD? Easy peasy, they wanted full control of the companies. So they can wear their government Treasury hat, FHFA hat, GSE company hat, etc. They have the courts convinced they step in and out of these different shoes to do only what's needed....like NWS! Yeah, right.

So It's very conceivable that they could coordinate the companies buying up prefs, to undercut their worth, so they can get rid of some or all. Name one company not allowed to buy back shares. Just because we are in conservatorship does not mean the GSE's can not buy back shares. Of course the government can't, but you fail to recognize government is playing this game by assuming multiple identities. If government made the GSE's buy back prefs, who you going sue? And for what?