Replies to post #478216 on Fannie Mae-No Politics (FNMA)

[YanksGhost]

No uplisting can occur until an OTC-listed company seeking an upgrade has held a shareholder's meeting and confirmed a shareholder-elected slate of board of directors. This is both a condition for relisting and a condition, if violated, for removal from a major exchange.

[bcde]

"Administrative action will take place first. Next step recapitalization. Then release from conservatorship. Final step is uplisting to the big boards. Institutions and mutual funds and other WhaleBalls are only going to buy on the big board after release. It is written in their prospectus. "

RickNagra,

These are the required steps in logical sequence for successful release and rehabilitation of FnF as private share holder companies. Most of these steps are listed in Post Card plan.

1. Terminate all SPS amendment and NWS. Revert to original SPSPA.

2. Let reasonable dividend rates be used for SPSPA rather than usury 10% rate.

3. Tsy pay back any excess dividends received and cancel all SPSPA obligations.

4. Let FnF buy back warrants (may be for less than $10B) as per Gov guidelines used for TBTF banks

5. Let Gov(FED) provide temporary credit line to FnF on terms similar to banks until FnF fully capitalize.

6. Release FnF from conservatorship.

7. Let FHFA, HUD, Tsy, SEC and Fed implement capital requirements in phased manner that are appropriate for mono line insurance companies.

8. Let Shareholders elected BOD, CEO, Management and shareholder decide on how to meet regulatory capital requirements.

9. UpList on big board and FnF start on implementing capitalization plan.

10. Congress and Administration settle all the law suits.

11. Congress and Administration will fix housing finance as and when they find right answers and alternatives.