Fannie Mae-No Politics (FNMA)

[Rodney5]

To all the Cram Down People,

TODAY the LP has grown beyond the Net Worth of the company’s value! This means the JPS and the common stock both are wiped out unless the Treasury writes down the Liquidation Preference and cancels the SPS. The Net Worth of the company is not enough to pay off the Treasury let alone pay the JPS and Common Shareholders. And somehow the Treasury will gracefully take a so-called haircut to preserve the JPS and wipeout the common? You are deceived if you think somehow the JPS will be saved.

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.

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

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