Fannie Mae-No Politics (FNMA)

[Demar]

• Provides for the orderly wind down of any legacy business commitments post-charter expiration over a 10 year period following the model successfully used in the Sallie Mae transition from GSE to a private company (P.L. 104-208).

http://hensarling.house.gov/news/press-releases/2011/03/hensarling-re-introduces-legislation-to-end-taxpayer-funded-bailout-of-fannie-mae-and-freddie-mac.shtml


If they decide on a Sallie Mae type privatization, common and preferred share holders should come out ok, no?

Non-voting Stock Converted to Voting Common Stock 1992
On July 23, 1992, by Act of Congress,122 all of the outstanding voting and non-voting common shares automatically converted to a single new class of unrestricted voting common shares. Sallie Mae’s non-voting common stock became equal in all respects to the voting common stock and was transferable without restriction.123


http://www.treasury.gov/about/organizational-structure/offices/Documents/SallieMaePrivatizationReport.pdf