Fannie Mae-No Politics (FNMA)

[JOoa0ky]

You're still not understanding why JPS may get offered a conversion to commons.

During a recap, FnF wants something from the JPS.
FnF does not want anything from the existing commons because they have nothing to give.

There's no way any court is going to provide pref plantiffs with a conversion! No way in hell. They barely understand HERA and have no idea how the GSE'S are being run currently. It's a wet dream to think one of the pref suits will provide anything like that. Remember, there is 5 billion set aside for suits. That amount makes no one rich and does not provide for anything near par or 10's of billions of commons for pref holders.

These guys saying suits will provide for a conversion are delusional.