Replies to post #597890 on Fannie Mae-No Politics (FNMA)

[Golfbum22]

the only cases the pref can come up with are all BK companies like Citi, gm, aig etc

it all sounds plausible like the gov't bogus defense but it won't pay out in the end.


it's the same old Wall Street story in a different package. Wall Street says buy, it really means sell.
Wall Street says sell it really means buy.

no different here, they are just saying the opposite again trying to steal your money again with different sheep clothing because they are wolves until the end. IMO

[JosephS]

Even better. I own bonds. Sounds great, means payments should have kept coming or default. Especially after a huge windfall of 130 billion dollars swept as a result of the DTA that was off balance sheet.

That was the whole thesis of the effing trade. The DTA

[Guido2]

Sticky, please.

[HappyAlways]

I hold both JPS and Commons. If the JPS is not converted, Fannie may need to compensate the JPS for not paying dividend while paying NWS to UST.

As a Common shareholders, my only worry is the SPO is priced too low. And, UST needs to return the NWS over-payments. Anyway, common or JPS need to work together.