Fannie Mae-No Politics (FNMA)

[HoldenWalker99]

Good luck, common shareholders.

All signs point to GSEs sticking around and preferred shareholders getting (close to) par value as I expected.

Now it's how badly the common shares get diluted. Warrants (government incentive to keep GSEs alive) and capital raise will come on the backs of common shareholders. It'll take years for common share to get to $10, but $5 seems possible in the short term.

Hopefully most people took the advice of preferred shareholders and weighted their portfolios accordingly.