Fannie Mae-No Politics (FNMA)

[JOoa0ky]

That is precisely what it means to be above the commons in the capital stack.

And there is absolutely nothing stopping you from acquiring the JPS and reaping the same benefits...

If you call some jp and pay par or near it , it then gives the ability for the jp owners who were bought out to either buy back in other jp or commons at cheap levels and reap more profits before those move.

If converted at or near par those jp to common at low prices, produces similar outcome while also diluting commons extremely before movement in price.

Do you like asking rhetorical questions?

What does that have to do with what I said?

I wasn't talking of jp contractual issues.