Fannie Mae-No Politics (FNMA)

[observer21]

It is good to pay attention to where they are putting their money. I don't know the complete answer to your question. But I do know investing in certain stocks has to do with the overall situation of the investor. Like micro-cap vs. mid and large-cap stocks. Someone with a lot of money to put to work and low risk tolerance may choose the preferreds. While someone with less money and a higher risk tolerance, and who perhaps is more nimble...because of their small balances... and able to watch the market continually everyday may choose the commons. Also, as recent monumental blunders by large funds has proven...all too often the "smart money" is fallible.