Fannie Mae-No Politics (FNMA)

[Commons_Cancelled]

Are you sure though? This is from Freddie's 10-K:

Holders of our Common Stock are not granted any right under our Charter or the Certificate of Designation to vote on specified matters in which stockholders in business corporations under state law are typically entitled to vote, such as amendments to our Charter or changes in our capital structure.

A Jr. Preferred to Common Conversion would be a change to the company's capital structure.

So based on this, you're not stating FNMA Facts.