Fannie Mae-No Politics (FNMA)

[jeddiemack]

Rights of JPS are contractual rights.

Contractual rights have been transferred to the FHFA

The FHFA as holders of those contractual rights can do anything they want to; as of yet there has been no containment of what will the government can endeavor here.

Thus if the fhfa decide its in their best interest, the interest of the public it serves, or because the "sky might be blue" to redeem them at 1/10000th of face they simply can. If they want to convert them to common at similar ratio they can. As the fhfa has 100.00000% of the rights of jps including the ability to amend their "contract terms" at Anytime they wish.

Got it.

There is no safety in jps... zippo... while their upside is capped.

Thus we are in the very same boat as previously explained.