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Tuesday, January 05, 2021 10:13:39 PM
Re: Fannie/Freddie-A Tale of Two Shitties. Prefs priced at 28c and $9.5 bn while common priced at $20.5 bn as if there is value way past pref par. Stupid relationships persist all the time — unless the endgame presents a forcing function to reality.
— Michael Kao (@UrbanKaoboy) January 5, 2021
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