Replies to post #749345 on Fannie Mae-No Politics (FNMA)

[stockprofitter]

Don’t need to be recapitalized and if they did they buy out the Ps for par value at $1 and issue a single new P Share at $50 and done with a nice 7-8% coupon.

[MannSinger]

Old JPS may convert to New JPS with 20% cut

JPS can cash out at PAR or be allowed to convert to New JPS at 80% of PAR of old JPS.

[trunkmonk]

this cannot be acceptable to preferreds, it does not destroy commons.