Fannie Mae-No Politics (FNMA)

[JOoa0ky]

You do realize that senior cram down does not require the JPS to do anything right?

Seniors convert to commons and dilute them to oblivion... all the while... JPS remain as JPS.

JPS being made whole or converting to commons has nothing. Zilch. Zero to do with senior cram down.

Those two events are completely unrelated.


Do you know why there is talk about JPS converting in the first place?

If the cram down will make the JPS whole explain to me why the JPS Holders have been fighting the government tooth and nail for years?? Absolutely makes no sense!

The answer to the above was as stated on this board the Treasury and the junior pref holders taking the same percentage haircut.

Why would the Treasury take a haircut? The last administration’s Treasury Secretary is gone, it’s in the history books.