Fannie Mae-No Politics (FNMA)

[JDUser1963]

Pre-2008 StockHolders Compensations.... The New Bill's Buzz Words
According to the Buzz, the new bill will afford compensations to pre-2008 holders of FNMA and FMCC stock as a "distressed and unjustified taking" due to lack of Due Process and insufficient representations or their day in Court,,,according to those close to Mr. Nader. Post 2008 warrants and stock sales are unjustified and Federal intervention to estopp trading on the open OTC Exchange is second issue where the Bill will clearly allow preferred shares to be purchased at Par Value but restricted thereon. Commons it seems are still unclear as Senator Mike Johans (R-Nebraska) and Senator Mark Warren (D-Rhode Island) commented on the issue. The purveying sensibility across both parties is to liquidate commons to reduce volatility and reform as "newly issued notes" as part of the "Contraction Process". Both R/D party's drafting the bill agree that the US Federal Government will back the new warrants by as an insurance 4th party. Insomuch said the issue remains whether the 4th guarantor provision will allow the Federal Government to have "long reaching and pre-emptive agency powers" to control the foreclosure processes without intervention of the newly privatized corporation. No comments were made. This will likely be debated when the GSE Reform Bill is presented mid by June according to the Hill.