Fannie Mae-No Politics (FNMA)

[DaJester]

"GOV can do that say the full LP is due as an obligation"

Then it's not a liquidation preference. The LP should only matter or become due if the GSEs are being liquidated, which I find highly unlikely. The SPS LP would have the highest priority and be paid first from the liquidated equity.

The REAL problem is the dividends based on the LP amount, which could result in a sweep of all or a vast majority of the future income. It will be the greatest return on investment in the history of investments. Nationalization without ownership. The gift that keeps on giving.