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Wednesday, August 31, 2016 4:26:43 PM
so, they converted them to common.
FNMFO is convertible at the option of the holder, i hold 5 shares of that. i'm not planning to convert anytime soon. liquidation preference is $100,000 per share and if dividends are resumed on jr pfd they pay 5-6%. if orget the actual number
is treasury responsible for you buying a security that they could contractually have FHFA elect to convert to common when it made sense to?
that preferred was issued under the pretense that stuff like this is illegal...
fhfa has been laughing all the way to the bank. and handing over money to whomever knows, risk sharing isn't risk sharing at all, it's profit funneling
Glen Bradford, MBA
Industrial Engineer
FHFA Accounting Fraud Special Investigations Team
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