Fannie Mae (FNMA)

[Robert from yahoo bd]

Well maybe SM and MC talked about it and said before each signed the 4th Amendment that as of 2019 the NWS was still legal and the political optics of forgiving the "Liquidation Preference" before an election year would be bad.

I think TH said that the LP will have to likely be written down to zero to return them as private corporations again.

Since the 4th Amendment, for EVERY dollar of earnings the LP goes up by a dollar. While the cash sweep is gone and the companies are building back capital organically through earnings, the government has in essence swept those earnings into the LP.