Replies to post #689006 on Fannie Mae-No Politics (FNMA)

[MannSinger]

If JPS is redeemed then all lawsuits are gone

What will happen to all these lawsuits if GSEs announces in Q2 report August 28/29 that GSEs will redeem all leftover JPS by Q3? After SCOTUS ruling and also in Q2, GSEs might have already purchased back Billions of JPS. There may be $20B-$25B left to redeem at $25 or $50.

May be Washington Federal survive.

[RumplePigSkin]

Kthomp - and yet preferred shares have lost significantly more value than common shares. The market has spoken and all of the rosey predictions for preferred shares have virtually no value.

The administration needs to be charitable and offer preferred holders a buyout at 20% par and commons at 5 bucks. That’s as much as anyone is going to get because SCOTUS ruled the gov can do whatever it wants and if it weren’t for the “bailout” common and preferred would have nothing. Take it or leave it … all lower courts have an opportunity to kill the entire shareholder effort …