Fannie Mae-No Politics (FNMA)

[Rodney5]

Quote: “ Bradford isn't making statements. He's lying. First of all, in a restructuring, the JPS are wiped out too,” End of Quote

Tried to explain the same back in June


Rodney5
Re: kthomp19 post# 757330
Saturday, 06/10/2023 8:33:28 AM
Please read what you wrote!

Quote: “Treasury must take a haircut of some kind on its senior prefs in order to ever get any value out of them. Whether that's a full writedown, a full conversion to common, or somewhere in between, Treasury will eventually realize they cannot recover a dollar in cash for every dollar in liquidation preference the senior prefs have.” End of Quote

Eventually realize?? Get any value??

My land man! the Treasury has swept the ENTIRE NET WORTH! Both common and JPS are wiped out history and both will see no value unless the Treasury writes down the LP and cancels the SPS… Your JPS are not safe at all in the capital stack.

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!