Fannie Mae-No Politics (FNMA)

[Rodney5]

The Senior Preferred Liquidation Preference at $290 billion and GROWING, both JPS Shareholders as well as the Common, both will be wiped out? We're running out of time... The longer the Snakes at the FHFA / Treasury can push this out into time the more claims on monies can be stolen!

All monies go to the Treasury. This will wipe out both common and the JPS??

If the Treasury’s LP continues to grow the regulator is authorized or required to place the companies into receivership under specified conditions, which would result in our liquidation. Money received goes into the dark hole of the Treasury! Which pays off the LP by confiscation of our companies.

Risk Factors Summary
GSE and Conservatorship Risk

Quote: "Our business activities are significantly affected by the senior preferred stock purchase agreement. Our regulator is authorized or required to place us into receivership under specified conditions, which would result in our liquidation. Amounts recovered by our receiver may not be sufficient to pay claims outstanding against us, repay the liquidation preference of our preferred stock or to provide any proceeds to common shareholders." End of Quote Page 33

Link: https://www.fanniemae.com/media/46276/display

"In the event the assets legally available for distribution to stockholders are insufficient to pay the liquidation preference of all Preferred Stock in full, the assets available for distribution will be divided among all holders of Preferred Stock on a pro rata basis, based on the value of the liquidation preference of each series of Preferred Stock." Page 5

Link: https://www.sec.gov/Archives/edgar/data/310522/000031052220000121/descriptionofsecuritie.htm

In my opinion Barron has the best approach, The Charter Act! Challenging the illegal contract SPSPA. It was also stated on this board, “somebody better hurry up and file before we run out of time!”