Fannie Mae (FNMA)

[RumplePigSkin]

Kthomp - and yet preferred shares have lost significantly more value than common shares. The market has spoken and all of the rosey predictions for preferred shares have virtually no value.

The administration needs to be charitable and offer preferred holders a buyout at 20% par and commons at 5 bucks. That’s as much as anyone is going to get because SCOTUS ruled the gov can do whatever it wants and if it weren’t for the “bailout” common and preferred would have nothing. Take it or leave it … all lower courts have an opportunity to kill the entire shareholder effort …