Fannie Mae-No Politics (FNMA)

[Commons_Cancelled]

Sure seems that way. Buyers strike! Smart buyers want cheaper prices. Once we get down around $1, a lot of Preferred Holders will swap for Commons. Let's let it happen so we can all be on the same team!

Or it could be the big money is realizing Preferreds are the better buy due to all the uncertainty in Commons. Most Preferred holders I know are net short Common and net long Preferred.

Berko's last report showed he is aggressively shorting Commons