Fannie Mae-No Politics (FNMA)

[chessmaster315]

The Preferreds are the ones who got squashed..bad. FNMAS dropped from about 6.75 to 2.31..that is almost 300 percent decline. FNMA dropped about 44%, faring WAY, way better than the preferreds.


FNMA dropped about a buck per share, while preferreds dropped 4 bucks a share.


Im sure glad I did not own FNMAS!!!!!!
The preferreds worth "multiples" of the commons makes zero sense anyway, given that the commons were worth more than the preferreds before cship.