Replies to post #699420 on Fannie Mae-No Politics (FNMA)

[Donotunderstand]

no

The Senior Preferred holdings do not kick out the current JPS and common equity

Period

They have a highe claim on dividends

In a CH 11 or equivalent they are higher than JPS or common in an asset distribution waterfall

NONE of that accrues to ownership equity - fact

[Louie_Louie]

Tiny fact you forget, if they effectively own 100% where is the 3+ trillion added to the government debt? Try again, Eh? No matter how much you wish it, you're not right.