Replies to post #451520 on Fannie Mae (FNMA)

[stockprofitter]

Fannie Mae "the company" would buy out p shares pennies on the dollar and then issue new circulars to raise capital if needed.

Nice try :-)

That's how it works on cancellation. I find it humorously enjoyable how the P shares keep relying on bankruptcy and receivership. If this was truly the case, Fannie would have never been allowed to retain $3B cash. Having said that, the government is also guaranteeing any future shortfalls in the highly unlikely event capital is needed. This last quarter draw was only needed because of the Trump tax plan. It was also a one time thing.


Now we know.

[camaro4me]

Debt is not Transferred to LLC

C shares own the assets that remain after paying off the senior and junior preferred they would transfer into the llc.