Fannie Mae-No Politics (FNMA)

[JOoa0ky]

This is laughable...

You do realize that the i've concurred that there is a smidgen of priority associated with jps.. but that is no more than shredded paper thin... as 1. the CBO while a government think tank carries exactly 0 weight and 2. the government can squash the jr prefs just like they can the commons. As the gov't has all the rights of jr prefs, including the ability to redeem them at any price or convert them at any ratio to common... because they have all the rights.

There is quite a bit of delusion in your commentary.

We are in the same boat.

Sorry but not the same boat.

Contract explicitly states they can be redeemed at PAR.

You seem to be under the impression that JPS hold equity in FnF but they DO NOT. They are debt just like the SPS which needs to be addressed.

Equity on the other hand can be diluted to oblivion... aka common shares.