Replies to post #543746 on Fannie Mae-No Politics (FNMA)

[Latergater]

“There is NO situation where common shareholders get "something" or "everything" and preferred shareholders get nothing.

That is the LAW.”

Happy FNMA dart throwing.

[bcde]

"Examples would be SENIOR preferred stockholders, bond holders and secured debt holders whose debt carry specific secured rights to a company's assets in a "WIND UP" liquidation. "

YanksGhost,

Clearly SPS contracts violate JPS contracts in terms of liquidation preference and dividends.

To begin with JPS had a contract that gave them liquidation preference as well as dividend preference.

After this happened, FHFA and UST ignore and violate all known laws, and impose SPS overriding JPS holder's rights. Does this not amount to regulatory taking and violation of JPS contractual rights ? This fact will be litigated in courts and court may overturn seniority of SPS and dividend payments.

[Doc.007]

Thanks For The Laws Inventions !

Ever heard of Insolvency Laws where Debt or Liabilities ( as Prefs ) get Nullified !

Ever heard of Merger Laws where former Debt or Liabilities ( as Prefs ) get White-Out !
See Investopedia.Com

Ever heard of Inactive Contracts after certain time become Nullified !

Etc.

Attorneys understand this very good, but Amateurs . . . . . .

No Need To Reply - Thanks