Replies to post #708478 on Fannie Mae-No Politics (FNMA)

[stockanalyze]

at 24:30 listen to the judge. thompson made fool of himself. says he didnt understand math until this case and also does not understand that the value of cake is same, the value doesn't go up by itself. he tried to fool the judges. thompson is a moron. at 19 mins what he is saying is what jr pfd holders collins would like. lol. you can expect 1 common share for each jr pfd

[The Man With No Name]

When I heard Thompson speculate on the reason for increasing the liquidation preference on the SPS (for leverage and/or further diluting commons greater than 79.9%), it was like he was reading my mind. I’m sure you got a kick out of it too.

To respond to someone else’s previous comment about us all be being in the same boat…we aren’t. As Thompson said, conversion of the SPS dilutes commons, not JPS.

We are in 3 boats. The lead boat is Treasury and it’s the only boat with a steering wheel. The second boat in line are the JPS. If Treasury converts, then JPS is the lead boat. The commons are dragging up the rear in the third boat. 79.9% of their boat is occupied by Treasury and if Treasury so decides, they may take up more room up to 99+%.

[Guido2]

Thompson, FHFA lawyer and their fairy godmother were knocked out by Chief Judge Priscilla Owen. 39th minute.