Replies to post #756652 on Fannie Mae-No Politics (FNMA)

[Ace Trader]

It's always nice to dream but in the real world we have to deal with a GREEDY GOVERNMENT

"Mnuchin was open to placing all the equity holders, including Treasury, in a similar spot. That is, he was willing to see treasury's senior preferred shares given the same seniority as the existing junior preferred." - In this scenario, now all the equity holders (sps,jps, and common) all own the same equity class, common. The only different is the % ownership. UST prob owns 90-95% of the common, JPS owns 5-10%, and common owns close to 0.01%.