Fannie Mae-No Politics (FNMA)

[Louie_Louie]

Have you actually read the JPS contracts. Pretty sure all have a clause saying the companies and BOD have the right to modify the contracts at any time due to uncontrolled events.

JPS should read that brief area and really think on it, what it means and the multitude of options it gives the BOD (actually government stooges). You are blinded by a contract claim talking point, but have not parsed that contract and the numerous ways a court would interpret it. I've read 4 of the flyer contracts and they are all pretty much the same. They no way ceed complete power over the companies by the holder of the contract. There's tons of loopholes.

There's a very good reason why Warren Buffett fully terminated his preferred position in FNMA. You want to think you know better than him,?