Fannie Mae-No Politics (FNMA)

[Latergater]

"now our "only" remaining relief is Treasury/FHFA Administrative ACTION "

You must be forgetting about Lamberth and Sweeney. Although those are largely pfd cases. Common holders are now at the mercy of the administration and the pfd holders if a settlement were to happen.

Remember what Ackman said about opening a pfd position "it hedges our risk of a restructuring that disproportionately benefits the preferred shares versus the common shares"

Ackman adds to preferred bets on GSEs - SA $FNMA $FMCC Pershing Square says its preferred investment in Fannie Mae (OTCQB:FNMA) and Freddie Mac (OTCQB:FMCC) now amounts to 21% of its total investment in the two GSEs.