Fannie Mae-No Politics (FNMA)

[Louie_Louie]

There's the fallacy in your view " the only way they can put the screws to JPS is in receivership", there's a hundred ways for them to screw JPS, thinking otherwise is naieve. Every one of those JPS certificates of designation are suspended as of 2008. You only need to see the current price of JPS to understand that. In that designation certificates it gives government ways to screw the JPS, the government lawyers are way smarter than a blogger on Seeking Alpha and the courts have proven the blogger wrong numerous tines AND they work with the government! So what makes you think they can't or won't take the JPS holders, who are primarily hedge funds, out behind the wood shed before this is done?

If government does a utility, you better read that certificate again. It has a clause in there pertaining to JPS if any merger, or new company (see below). That would allow them to issue new preffered and facilitate a trade for the JPS. So if they wanted to screw JPS, the scenario wished upon common could very well happen to them, lol 25-50 JPS for 1 pref share of the new utility.

(d) Neither the sale, lease or exchange (for cash, shares of stock, securities or other consideration) of
all or substantially all of the property and assets of Fannie Mae, nor the merger, consolidation or combination of
Fannie Mae into or with any other corporation or the merger, consolidation or combination of any other corporation
or entity into or with Fannie Mae, shall be deemed to be a dissolution, liquidation or winding up, voluntary or
involuntary, for the purposes of this Section 4.