Quote: Our regulator is authorized or required to place us into receivership under specified conditions, which would result in our liquidation.” End of Quote
SPECIFIED CONDITIONS
The Treasury owns the whole of the companies. And could easily demand payment by placing the companies in receivership and there’s absolutely nothing we could do about it. And some how you think your JPS will be saved!
Your JPS is not protected with some kind of special immunity. Unless the Treasury writes down the LP and cancels the SPS the shareholders are history both common and JPS.
The Treasury wipes out the Shareholders and at the same time sells the companies in the open market as an IPO. The Treasury collects the entire value of the companies. And we get nothing.
READ IT !
Company’s financial statement
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
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