Fannie Mae-No Politics (FNMA)

[rekcusdo]

"Think about though if prf'd are converted to common assuming agreed price, then holder can simply sell their common if they choose."

And dilute the common more? I'd sue! Also, we'd lose foreign and institutional investors who had relied on their preferred status. Also preferreds may sue if the PPS drops after the conversion.

"The utility model is the most likely outcome per Tim Howard. Ackman recently referenced as well. "

Tim Howard statements don't mean anything. Neither does Ackman's. They both have biased viewpoints. A change to a utility model would require shareholder approval.