Fannie Mae Preferred S (FNMAS)

[brandemarcus]

1. There aren't many net income pfds if we are talking about precedent.
2. All other tarp only had to pay back net investment plus 5-8%.
3. Newco as described is a merger not a bankruptcy.
4. What is so magical about today? (why not 8/09?) You get higher ratio then and as the situation improves others will see the implied value of the common.
5. Please follow the treasury's reason cited for the 8/17/12 action " removing the circular practice of borrowing more to pay the 10% ". Note the october 2012 cbo projection. I know it sounds hard to believe but they were and are not prepared for catastrophic success.
6. canceling the sr pfd once net investment +10 % is a win-win for everyone. as I laid out in previous post.
7. There's plenty of earnings left as described in the milstein plan (whether he believes in it now or not) to easily pay the jr pfd.