Fannie Mae-No Politics (FNMA)

[Latergater]

Reality is slowly setting in. Absolutely devastating for anyone that blindly believed in the Average Joe Plan or the SEC letter.

As the conversion ratio continues to climb, many average joes are realizing that they can maximize their returns by rotating to preferred shares and then being converted to commons with a juicy ratio.

Good luck to anyone still holding 100% commons and ignoring rational investing.