Fannie Mae-No Politics (FNMA)

[Commons_Cancelled]

Hate it or love it, Preferreds on top. Commons are at the BOTTOM of the Totem Pole.

And with all the capital raises (dilution) forthcoming, Warrants being exercised, Sr. Preferreds being Converted to Commons, and Jr. Preferreds being converted to Commons ... let's just say Commons are going to be lower than Dirt on the Totem Pole.

GLTA! Commons are going to need a whole lot of Luck to stay above the dirt.

#MoelisV2Incoming