Fannie Mae-No Politics (FNMA)

[CatBirdSeat]

Junior Preferred Shareholders Are Dreaming. Ackman merely purchased a few Preferred shares as posturing and as a fellow gesture to Berkowitz.

There will not be any damages as Preferred shares because they are non-cumulative. There also will likely be no conversion offer, nor a redemption.

The government does not and will not give Junior Preferred shares squat!

They lost and will lose all their cases!