Replies to post #693659 on Fannie Mae-No Politics (FNMA)

[kthomp19]

Quantifiable damages = Liquidation preference when they were purchased and held till maturity (by investors choice) less the market value of the converted stocks.

Your takings comment related to a senior-to-common conversion. Common shares have no contractually set liquidation preference or maturity date, so I still don't understand why a senior-to-common conversion conducted at anything other than the market price would be a taking.