Replies to post #550396 on Fannie Mae-No Politics (FNMA)

[YanksGhost]

<< It's time to get rid of the Junior Preferred Stockholders... >>

There is only ONE scandalous reason I can envision why anyone would advocate getting rid of JPS and a big chunck of capital it represents. If the Board wipes them out (which appears possible under the FNMA Bylaws and HERA's succession rights), such action would likely and only be legal if Senior Preferred Stock were equally wiped out. And such action could, potentially, force the unequally distributed dividends to be returned since no receivership was declared and, thus, no succession preference can be invoked.

Is this the rational behind the Secret Squirrel Plan? To cheat JPS? To attempt some gambit to gain return of senior preferred dividends by bleeding them from taxpayers to kite common share value?

[Ace Trader]

If the Gov followed this plan and the laws, then FNF would be released with captail and common shares would be worth north of $200 I'm guesting. Then the Gov can sell there shares for a return for the tax payer. Lets see what Cooked up plan they have favouring themselfs not the share holder.

[mrfence]

$FNMA~$FMCC~EXCITING :-)

FEW DAYS LEFT FOR THE ANNOUNCEMENT OF THE SECRET PLAN