Fannie Mae-No Politics (FNMA)

[The Man With No Name]

"You are right that familymang is most right but why is he pushing the cramdown along with Glenn and Kthomp. What does it matter to them?"

I can't believe I got left out of the a-hole club but for you commoners out there, 'cramdown' is a bankruptcy term....and you all have said we aren't in bankruptcy. Just think of it as a normal corporate action whereby new shares are issued.....and you go from 100% ownership to less than 1% ownership.

Look at the upside, at least you won't have to complain about JPS holders posting on the commons board.....because the preferreds will be common upon release (if it happens).

Glen says you might get a dollar....I think he's about 95 cents too high. Granted I do have years of restructuring experience...but I suppose you could get "fairy compensated" as @familymang put it...but it's extremely unlikely.