Replies to post #534001 on Fannie Mae-No Politics (FNMA)

[Latergater]

So in your eyes, jr pfds, are debt? That statement is enough for me to draw conclusions regarding the accuracy of your statement.

[Doc.007]

Exactly ! ! !
Even there are more explanations to This Topic and not only "That Not Paid Obligations become Depth", but all does not change The Result As Also Mentioned By You !

Prefs Resulting Not Even Worth The Paper Written On.
Get To ZERO !

Regrettably Remains Only Happy FNMA Investing

[Donotunderstand]

YES ALL CAPS AS IN YELLING

FIND ME ONE CASE - WHERE NON CUMULATIVE JPS - WERE PAID ANY BACK DIVIDEND

THIS IS NOT DEBT

IT IS NOT DEBT FOR THE REASONS THAT COMPANIES LIKE (OR USED TO LIKE) TO KEEP A CERTAIN DEBT TO EQUITY RATIO OR THEY LOOKED OVERLEVERAGED WITH DEBT

JPS IS A WAY TO RAISE EQUITY

IT CAN LOOK LIKE DEBT AND DOES NOT VOTE AND DOES NOT GO UP AND DOWN WITH PROFITS ONLY WITH LIKELIHOOD OF DIVIDEND - BUT IT IS PAID A DIVIDEND AND NOT INTEREST AND IS EQUITY

(NOTE

[Donotunderstand]

oops

and the simpler point

debt never pays dividends

[fadeawayinc]

Lol, this is so dumb, don't know which law you are referring to but I imagine it is something along the lines of, "if you don't pay on debt within a time frame and the owner of the loan takes no action against you then the debt is cancelled." This is very different from a situation where the company is unable to pay debt but has a non-cumulative dividend, none can be paid and none is owed until capital is reinstated.
Additionally, the myriad of lawsuits can easily be construed as an "action to get paid" therefore the debt is not cancelled (even if we remove the first reason on why what you said is illogical).