Fannie Mae-No Politics (FNMA)

[DumbDumberDumbest]

PREFERRED STOCKS HAVE CREDIT RATING BECAUSE THEY'RE OBLIGATIONS ISSUED BY FnF.
Who on earth wants to hold obligations of two Fortune 50 companies about to be released from Conservatorship without any dilution to the Common Shareholders?
It's better to hold a stake on FnF's fate buying the real thing.

THE PREFERRED STOCKS HAVE CREDIT RATING LIKE ANY DEBT INSTRUMENT
The only difference is that the Regulator, as if by magic, allows to record them as Equity in the B-Sheet, but it behaves like debt instruments: affected by interest rates, coupon payment,etc.#Fanniegate @USTreasury pic.twitter.com/Xc9sqhkAqc

— Conservatives against Trump (@CarlosVignote) February 27, 2018