Fannie Mae-No Politics (FNMA)

[Potty]

Hmmm, and existing common get diluted by the $33 billion in junior pref being converted to new common PLUS there are also huge offerings of common to new investors, likely at the same price that the JPS get converted, so that dilution ON TOP

... Kai from the yahoo board might need to think about that LOL

There is a reason that Calabria said "shareholders will be heavily diluted" -- and for the board pedant the usual meaning of "shareholder" is a common holder

Heavily diluted indeed... so you do need to change your name to Common Diluted to Hell, CDH...

If I still held common shares, ie if I were still a shareholder, then I would take the recent drop in JPS as an opportunity to switch from common to JPS. I did that the last time common was at $3, made a killing...