Fannie Mae-No Politics (FNMA)

[Louie_Louie]

In those three numbered part clauses of the preferred shares contracts, the BOD (company) has the right to do a whole lot of hurt if they want to. It's like that for a reason. Preferreds were never meant to be ownership, but only an indebtor that is owed money back and nothing else. So the companies/BOD have a lot of control and say so over their shares. Those saying the contracts cant be ignored or changed need to read those three parts I posted. It specifically says they can and it's only necessary to get the class owners buy ins (votes) for certain things. Other uncertainties can be used to drive government to amend all the preferred shares contracts. The contracts are not untouchable or gospel as some here keep misleading. Loads of possibilities exist in those three clauses, based on how current courts are functioning.