Fannie Mae-No Politics (FNMA)

[LuLeVan]

"You mean you're hoping they stop trading so they can announce a JPS conversion so the JPS can benefit from the price increase."

No. The price of commons will be and remain frozen after the suspension of trading (frozen at the previous closing price). This means that in the combined SPS and JPS conversion to commons that is likely to follow, the bulk of the pie will go to the government and JPS holders, while the common stock holders will be left with peanuts. Like it or not.