Fannie Mae-No Politics (FNMA)

[RumplePigSkin]

Tim Howard, exCFO of the GSEs says the Junior Preferred Shares of Fannie Mar are a quagmire trade and will continue to be a quagmire.

Does anyone have that quagmire midwest boutique investment firm that wrote the with certainly about JPS conversion? What a quagmire ...

Even with a prospective favorable SCOTUS ruling, Junior Preferred Shares have virtually no upside as they won’t be seeing any dividends for 4 years!

JPS are dead money even after a favorable scotus ruling. Commons will appreciate at several multiples based on PE. Sorry JPS, a quagmire trade ...