Fannie Mae-No Politics (FNMA)

[TII]

Another Lawsuit was filed on 2/5/14. Continental vs. FHFA. That makes 17 or so...I believe.

Continental vs. FHFA

Haven't read it all, but basically says....Gov't Preferred stock should already be considered common because it received dividend and because of Common Stock Dividend Stopper in the Jr. Preferred the common's can't get div. before Preferred (now Jr.). Interesting take on this.

Maybe Obi or someone else with a legal background can unpack it for us?

TIA