Fannie Mae-No Politics (FNMA)

[Louie_Louie]

Ya know what's hilarious? Pref's think anytime MC or SM say "shareholders" that immediately it is common holders they are talking about. When they said no windfall for shareholders, that encompassed ALL shareholders. Now courts have shot down pref's direct claims suits, so the only way to gain is through a common position. This is why we see the pref's here vigorously arguing pointless and proof less topics like liquidation, conversions, splits, etc. They can dream I guess, but have no sound reason why the government would want to dilute, or why that is a requirement for release. They're gonna be so heart broken when release or relist hits because it will blow their phony made up theories out of the water. When consent decree happens, they lose any tiny hope of anything positive happening and will be delegated to sitting on those shares until the GSE's decide to either buy at low price or turn back on that coupon payment. Sucks to be in pref shares. No good outlook or future.