Fannie Mae-No Politics (FNMA)

[imtheshadow]

kthomp, really appreciate the reply and advice on jrpfds. FWIW, I also agree on the non-cash impact of jrpfd conversion (not redepmption). No cash will change hands, but equity will be adjusted to reflect the conversion from jrpfds to common: i.e., turn in X type of security and get Y type of security at the stipulated exchange ratio. Thanks again - and lets hope the law suits pose enough of a threat to keep current shareholders from getting diluted to oblivion. cheers