Fannie Mae-No Politics (FNMA)

[Louie_Louie]

Exactly! AND congress is on record numerous times as saying no shareholder or HEDGE FUND should get rich quick off of GSE's RRR.
This is why commons are a better bet for future appreciation down the road. Pref's thinking they are entitled and number one in line for a windfall will be a let down in my opinion. The government will push for what the government wants, everyone else is secondary...the only equalizer will be the court cases, and none of those, as far as I am aware, are suing the government to convert pref's to a lopsided windfall common exchange.