Fannie Mae-No Politics (FNMA)

[Wise Man]

A stock is never worth zero due to dilution, because dilution means that there will be issuance of common stocks, either due to the warrant exercised, the conversion Preferred for Commons and/or stock offerings.
If the analyst says that the commons are worth zero, it means that the commons recently issued to those guys are worth zero as well.
So, all Equity worth zero while FnF own or guarantee two-thirds of the entire U.S. housing market.
That "JebBush" brokerage firm must be wound down.