Fannie Mae PRD PERP/CALL Ser DIV 8.25% (FNMAT)

[CatBirdSeat]

How many more junior preferred (junk) shares do moron hedge funds have to sell? Quite evident there are more to sell with all the JPS pumpers present on this board.

Fitch Ratings and other ratings agencies have clearly stated JPS Are JUNK!

Not only that, but Freddie Mac’s own website agrees ; stating it’s junior preferred stock is junk.

http://www.freddiemac.com/investors/credit-ratings.html

Junior Preferred Stock

Moody’s - Rating - Ca

Standard & Poor ‘ s - Rating - D

Fitch - Rating - C/RR6

JUNK, JUNK, JUNK,...!