Replies to post #706459 on Fannie Mae-No Politics (FNMA)

[FFFacts]

EVERYBODY challenges a violation of the APR if it is not by agreement. And I said haircuts are only by agreement, didn't I? Well yes I did. There is NOT one judge that will confirm a re-org plan that violates the APR if the nuisance value paid to shareholders is NOT done by agreement....because it's illegal, as I said. You don't want to hear shit? You just did.

Totally FALSE. Are you not aware of a creditors committee? The Judge determines which classes get to be on a committee. Many times lower ranking shareholders will not get a seat at the table. APR is NOT always challenged but even if it is it is up to the Judges discretion. I refer you to the CBL case in which lower ranking preferred shareholders attempted to get on a committee but the judge declined the request. The APR was NOT challenged and the judge DENIED the creditors committee for preferreds BUT did allow commons to form a committee. How do you think commons which were lower ranked were able to get the same stake in newco as the preferred on an even split basis?

You don't want to hear shit? You just did.

Bullshit that's about all I heard thanks for admitting your full of shit.

I don't need a lesson in voting classes and the APR, apparently you do.

No you do. You are thinking in book theory, real life is much different.

The seniors in this case are the SPS AKA the federal government who also holds all of your rights. They can do as they please, but yes, they can certainly give commons .00001 cents. That point I agree with you.

We don't agree on that. Reread what I wrote.