Fannie Mae-No Politics (FNMA)

[Commons_Cancelled]

Interesting. I feel Commons are in much more of a predicament than Jr. Preferreds, who still have Lamberth's Court to look forward to regardless of the outcome of SCOTUS and POTUS Election.

Even if SCOTUS gets this right, which is a coin flip in itself, that doesn't necessarily mean Commons will go up.

Not to mention, if there's a need to rush the Recap, the SPS Cramdown Plan may be implemented which obliterates existing Commons value.

Either way, FNMA is probably a buy under $1. See you in December!