Replies to post #707949 on Fannie Mae-No Politics (FNMA)

[jeddiemack]

LOL...

You really believe this.

All they have to do is put a vote to all holders of pref shares to redeem at a certain price. And since only fhfa can vote for pref holders, they'd aggree to redeem at whatever the gse's and fhfa cooked up.

So basically, just agree to amend the contract between themselves. And once done is done. same way they cooked up the SPSA; the third amendment, the warrants, and all the other things they've taken without concern for the "rights or contract rights" of anyone else. J

Just do it. Like the warrants "expire" in 2028... but only if not "extended" which they can mutually agree to, see because the courts have unilaterally agreed to the theft and used stalling and delaying tactics the goverment can do what ever they want...

so...

poof... that redeem at pare is gone. up in smoke... merely a change of terms, no SEC invovlement necessary, as the SEC rules for GSE's have been suspendended. Again, do whatever they want... or dream up to screw investors, ALL investors... not just commons.. So prefs aren't protected from the theft,...


And,

it would be done.

no magic.

no argument.

no discussion.

Just done.

See, fhfa has 100% of the rights of shareholders.

So, 100% of those rights they were granted = 0 for shareholders.

So, don't count on the government being "fair" to prefs and screw commons, they'll screw everbody... equally, or worse, take the prefs to the woodshed for thinking they were better than anyone else.

cause

they are governement and they can.

[Louie_Louie]

If government doesn't control rights like dividends, why you guys without, like commons for 14 years? And what did you not understand about government can do what it wants from SCOTUS? If they want to wipe us all out, they can, you or no one else can stop them if courts are in their pocket. Will it be just? No. That's why most here are concerned with fighting the illegal aspect of the whole cluster fok. JPS contracts can be changed, it says right in the contracts that the companies hold the right to modify at any time. Nothing in those contracts is an absolute lock.

For instance, if government wanted to say tomorrow that tgey are bankrupting the GSE's they could probably do it and take every penny. It's one of the JPS pipe dreams to have a full bankruptcy because you guys think you'll be treated fairly, lol, lol hahaha.
That's never gonna happen though, thank God the fools on here gave up on that angle. Now it's chapter 11 restructure even though we are retaining capital, and who knows what courts may do that could affect a derivative award, thereby bringing the cap level closer to release.