Fannie Mae-No Politics (FNMA)

[Commons_Cancelled]

It's a recapitalization, and hierarchy (share structure) matters. This should've been obvious from Day 1. Preferred take a hit and Commons get diluted into oblivion or wiped entirely. Even Ackman realized this, hence the never-ending selling of Commons for the last few months.

If you haven't taken CBS' advice, it's time to participate in The Rotation and get out while you can. It's GG folks. Berko was even generous enough to sponsor Moelis, which would've given Commons $10+ (in our dreams now). BUT, a few bad apples had to continue to ridicule him publicly even though he's spending millions of dollars to try to right this wrong.

Now, Berko isn't stopping his Short Commons position. Berko is Bringing the PAIN. Sub-$1 is just around the corner, maybe even by end of month.

Not a recco