Fannie Mae Preferred S (FNMAS)

[stockanalyze]

<<that is fair to FnF preferred stock holders >>

why would the government specifically care about preferred holders? not politically palatable and there is no incentive as they are non cumulative dividend and money saved is money saved to maintain capital buffer. if pfds had a special chance, warren buffett would have been in. get it?

there is a strong chance that pfds convert to common 1:1 ratio in recap, not good for fairlhome who has been tough to the agencies and good on ackman who has been quite. imo. giving special status to preferreds as you call out will be doling out to banks and hedge funds (politically, it is all political as we know, otherwise both pfd and common are golden as of last 2 years). pfds have higher chance of getting hurt than commons, politically, in terms of relative value.