Replies to post #776631 on Fannie Mae-No Politics (FNMA)

[LuLeVan]

Why not cancel all the stocks on the NYSE? That would be even more fun.

Cancel the senior
Cancel the junior

[Patswil]

The Pfd's are cancel-able--per contract

[tutt1126]

Everything has the rights.
The corporations have the rights under the law of capital structure to structure for safety and soundness.
The court of any levels must respect the rights of corporations under the law of capital structure in financial systems

[Donotunderstand]

yes
cancel the Senior ---

but by whom ---- I could say the TREASURY as it is the source of the investment - it is THEIR money (TAX $ if you prefer)

cancel the Junior ---- on what basis can anyone cancel the JR when they were purchased by individuals and banks and pension funds - for people

you might as well propose cancel the common ----- as that is the same as cancelling the JPS --- as again - without cash dividends paid out on JPS they are equity not debt ----- same as common

[Donotunderstand]

once the GOV cancels the Senior Pfd --- it is all gravy

not sure the added value of cancelling stock bought by people - not FIAT stock (SR PAPER) created by GOV

miles apart and not at all similar

JPS is closer to common than it is to the Senior Paper forced on F and F