Fannie Mae-No Politics (FNMA)

[The Man With No Name]

Institutions will buy commons, if and when it’s in the teens under real exchange. Preferred are useless other than for dividends and receivership, neither will happen. Commons ready to launch if IPO talks. Real talks, not greedy Ps talking par talk.

Institutions aren't buying this crap. This will never be on a "real exchange" until it is released from conservatorship. Then and only then will institutions buy commons....because the commons won't be this garbage, they will be post reverse split new shares.

Every bit of chatter about the current commons speaks of greed. Anything above a nickel will be a gift. JPS, on the other hand, speak of contractual entitlement, something commons don't have. JPS likely won't get what they are owed in a conversion, but it will certainly be a lot better than a nickel.