Fannie Mae-No Politics (FNMA)

[jeddiemack]

Which is the exact same reason... using your argument they can redeem your shares for mere pennies on the dollar... or covert 10 shares of pref for 1 share common.

Your argument against commons, cuts just as hard and just as fast against prefs.

Sorry, can't have it both ways.

If the government wants to put screws to prefs they can.

And according to the courts... since the have all the rights... as in all is all...

they can do it. and not 1 thing you can do about it; in fact the position is even worse than being a common holder... in that you thought you had a one up position... but, you don't.

Worse...

your up side is limited... where as your downside is the same as ours... 100%.