Fannie Mae-No Politics (FNMA)

[Rodney5]

Quote: “And junior preferred shares are simply the safest and most attractive way to participate in any upcoming restructuring (if there even is one).” End of Quote

If the Treasury will not write down the LP and declare the SPS paid in full the only restructuring will be to wipe out your JPS and my Common Stock.

familymang, your calculation!

Quote: “ Today UST's Fannie LP is $185b, JPS LP is $19b.
- Fannie is worth approx $175b today (17.5b net income x 10 P/E).” End of Quote

Treasury’s Liquidation Preference calculated value that you gave is more valuable RIGHT NOW than your calculated value of the entire business! Both JPS and Common are wiped out!

The Senior Preferred Liquidation Preference of both Fannie and Freddie 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