Fannie Mae Preferred S (FNMAS)

[NobodyFromNowhere]

imo only reason commons trade over 50 cents is the Ackman pump. if he wasn't around, pfd's would trade higher, and most hedge/mutual funds would own as a liquidation and/or settlement play.
imo, ackman just owns commons like they are long term leaps, and he knows they are most likely worthless or he can atleast get his $2 back in a settlement.
nobody knows, but the co's will never be spit out again with 100x leverage and paying out all capital to "private" shareholders