Fannie Mae-No Politics (FNMA)

[Rodney5]

You said viewed as fair??
Somehow the JPS are made whole and the Common get the shaft!

If Treasury demands payment in full the companies are in receivership.

" 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." link below.

NOT SUFFICIENT TO PAY CLAIMS OF OUR PREFERRED STOCK... This is your JPS! The Treasury’s LP is more valuable than the entire company is worth! Your JPS are wiped out! The deception of the cram down. The prayer of relief should be Treasury declares Liquidation Preference paid in full and Senior Preferred Stock canceled. Turn the companies back to the Shareholders. $301 Billion has been collected by the Treasury. It’s the ethical thing to do. Therefore, both common and JPS holders are made whole.

The Senior Preferred Liquidation Preference at $290 billion for both Fannie and Freddie both JPS Shareholders as well as the Common wiped out if the Treasury chooses to.

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.

READ IT

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