Fannie Mae-No Politics (FNMA)

[HappyAlways]

I am converting some Commons into Preferred. FNMAM has a face-value of $50 and is now trading at $3.25. If the GSEs do not die, some days they will be released (in 10 years ?). I have been waiting for 12 years and hoping that I will see $20 for Commons in 2021. Yet, I cease that hope.

SCOTUS and the Administration are a crap to me. They do not respect private property at all. They openly voice out that they are using 2 private companies to serve public interest. But, I doubt that they really represent public interest.

Devil is in the details. I think they are using the opportunity to change hands some yet-to-be valuable GSE investments.

You should take a look at Post #686840 of 955. It tells it all.