Replies to post #615997 on Fannie Mae-No Politics (FNMA)

[Louie_Louie]

I agree!
Here's the thing about receivership and liquidation pref for prefs...we all should know by now, it's never gonna happen, so what does liquidation pref mean for jps? The government (Obama) would have put them in bankruptcy if he thought he could without destroying 50% or more of the economy. If he didn't do it, no one is going to. Far too many know their importance. So, as someone on here said before, JPS are just IOU's with a dividend, a bank loan.

[JosephS]

Yup. "Preferreds outperform in almost every scenario"

Not shocking. This is a restructuring.

Not a recco