Replies to post #768737 on Fannie Mae-No Politics (FNMA)

[Donotunderstand]

Solid

Can this "really be done" --- interested in your opinion

.before the JPS are converted to commons

[Louie_Louie]

Whoa whoa whoa, hold up a second there little buddy. You need to take a step back and understand one fundamental concept. Treasury has the right to own 79.9% of the commons and commons alone. The JPS aren't touched. You seem to think that commons and JPS are pari passu. They are not. Hence why JPS are "preferred" shares. This 'preference' places the JPS in line in front of commons for recovery purposes.

Is that why JPS are currently showing "par value" and are worth so much? Explain. Why are they not showing their independent strength in their market price? As a matter of fact, most classes have been on a downward slide.