Replies to post #606803 on Fannie Mae-No Politics (FNMA)

[YanksGhost]

There is nothing much worse than having a CONVERSION PERVERSION.

[stockprofitter]

STICKY PLEASE

Since Calabria is the boss here’s what he will and won’t do;

1.Calabria is not doing an IPO
2.Calabria is not doing an SPO
3.Calabria is not doing a conversion
4.Calabria is not doing a reverse split
5.Calabria is following the law
6.Calabria instructed companies to raise capital if needed
7.Calabria is not judging legal cases ( Sweeney )
8.Calabria is not lobbying for Ps to get par
9.Calabria is not lobbying shareholders to increase/decrease positions

10. Calabria will oversee 3 million loans transferred in at a fee to borrower payable to FNF of $7000 - $12,000 per each mortgage.

11. Calabria will make lemonade when handed lemons

[Commons_Cancelled]

The $FNMA Facts keep coming. Is this the best board ever or what?!

[Commons_Cancelled]

Since it costs the companies nothing, there would need to be an more compelling reason to not do the conversion in order for it not to happen.

This is 100% accurate. I haven't heard one reason why they shouldn't Convert Jr. Preferreds to $FNMA Commons, other than "it's not fair and lawsuits will be filed."

So you're telling me that the countless $FNMA Average Joe rants on message boards isn't enough reason for the Administration to cancel the JPS Conversion that they specifically said was a possibility?



It's Coming Amigos!! :-D :-D :-D