Replies to post #746807 on Fannie Mae-No Politics (FNMA)

[jeddiemack]

Sadly...

You really don't know if this is true..

with that one out of the way, the commons are left with nothing and the government will dilute them with warrants and spspa, and cannot touch preferreds unless it uses receivership, which it wont

Frankly, if the government can steal darn near 100% of the value of the company, they then can steal near 100% of your preferred. Since they have rights to vote for the preferred shares they could decide to take the following deal... They'll agree to redeem the preferreds for 1/1000's of their face value. And if they decide to offer that deal... they can on behalf of the preferred holders accept that deal and its done. They don't have to ask permission since by virtue of hera and their scheme they have ALL of the rights of the shareholders ...

Don't believe... it... lambert already said they can do whatever they want and if its in the best interest of the public they serve in their sole and absolute discretion... it'll be.

And not a thing that anyone can do about it... the judges have already said so...

...

Now... would that be right? Nope ... but it doesn't have to be... it just has to get done.


so...

Saying what won't happen... is an awful lot of crow to be eaten...

as it surely could....

We as in all shareholders common and pref... are hopeful the government eventually does the honorable thing... just don't count on it willingly happening...

That's the government ... they can do whatever they want and they have all the time in the world and judges in their pocket.

[whitecorona]

You are the one not getting it.
pref created bc of con-ship, when con-ship removed, the pref is removed or purchased at $1 par or current price if you lucky.
Why gov needs to pay you par values? or worst they can just left u all as is. Common is about equity - if you want to release and have these companies to run as they are intended then private capital thru common has to support. Yes SPSA can dilute common BUT that is not Gov to decide, its company and the dilution is for Capital not going to Gov coffer (where Gov has overpayment already)

Another thing...if common worthless then so all these 2 companies AND your pref AND no one will buy any securities of these companies.
Talk to your economy mba teacher, dont just surf.

My guess is your pref is cancelled or at 1$ value. Sell yours while you can and get in the common.