Fannie Mae-No Politics (FNMA)

[Donotunderstand]

Not arguing - as I do not know what will happen
Indeed my main thought is that with so much that has happened that IMO is now illegal but blessed by court after court - that I have little faith in contracts and agreements ----- (so much IMO has been wrong - broken - etc. - and court approved)

No name noted -- if I understood - that JPS might be converted to common WITH holder agreement that the common they (JPS holders) then own does not get hammered by the big dilution that the GOV could call for - interesting if doable (That assumes the GOV bull dozed the common - I assume but he did not say)

I have never believed the WTS were any sort of "back up". This mindset has two legs: 1) based on how WTS are used 99% of the time in normal business (for gains and profit when good things happen or tax advantaged compensation and bonuses) and 2) I never understood how ownership in common (from WT conversion) has more power or value or ?(anything) then the LP/SP has already. Why go for common when things go south? Common is the weakest holding possible when things are in the red)

Thanks to you and many others here - I know what the JPS says in its "documents" be they contract or offering document --- holders must approve. There my concern or mindset --- is simply - the 15 years have IMO brought so much illegality and the courts have partnered in approving it - that one more illegal action can not be ruled out as Absolutely Not Going to Happen

Best of holidays