Fannie Mae-No Politics (FNMA)

[chessmaster315]

This SEC filing does a good job explaining why commons have vastly outperformed the preferreds in 2019 and so far, in 2020.
Thanks, Doc!!
Eyes Opener - Its Not Only About Dividends !!

T

he US Gov or FHFA made the Stocks just to be "Empty Shells" which Only at OTC still can been traded for better impressions only and therefore the still traded means nothing really !
( We All got perfectly screwed, but since Prefs As Debts more vulnerable at Such Insolvency Not Sufficient Capital Companies ( BK under Chapter 11 Protection Looming ), than Commons which are essential to Any Public Companies Not In Liquidation to Exist, the Commons therefore More Safe. )

At SEC Filing as of September 6, 2008, as following :
https://www.sec.gov/Archives/edgar/data/310522/000095013308003096/w67133e8vk.htm

Item 1.03 Bankruptcy or Receivership.
By reference to Item 3.03 and the section captioned "Conservatorship" under Item 8.01 below.
( We All know, by Insolvency of Not Sufficient Capital the BK Preconditions Preserved. )

Item 3.03 Material Modification to Rights of Security Holders.
The rights of our common and preferred stocks have been materially limited by the entry of Fannie Mae into conservatorship on September 6, 2008.