Replies to post #756600 on Fannie Mae-No Politics (FNMA)

[familymang]

All is all, all shareholders will be on equal ground once this cramdown takes place, as they will all own common equity after conversion and share equal priority in the cap table. The only difference as i explained is the % ownership. Thanks to cramdown dilution, common will be left with scraps, and 99.9% will be split up between SPS and JPS (with SPS owning 90-95%, JPS owning 5-10%, and common owning <.01%).

separation of powers suits

I'll stop you right there, these cases are 99% mostly all dead with no remedy in sight, i follow them bc im a masochist these days (arent all GSE sharholders?).

[The Man With No Name]

Personally, I am more convinced that UST will write down the SPS if it is not voided by the separation of powers suits and that all legacy common will share parri-passu after JPS are incentivized to convert and new shares dilute the combined UST and public common equity interest on a parri-passu basis.

haha, good one

you should listen more closely to familymang

[Donotunderstand]

write down

I think its say one in three - that in the right time - ? - the GOV can and will say that they put in 180-190 B and got back out 300B and as such they write the SP or LP down to zero or half or something

That i the bet of owning common