Fannie Mae-No Politics (FNMA)

[Louie_Louie]

No it's not. We went into this with NO ONE being treated special, both shares classes crapped on. We come out tye other end the same. Look at your share price! If you think the skies the limit why is your JPS not at par or par plus? Mr. Market telling you that you are stuck in a rut, just like commons. BUT, when release news does start to be leaked, commons will definitely defy their gravity suit. Because value is in the increased price speculation. This is not how JPS (preffereds operate) , they are based on income, dividends,mwith that being cut indefinitely, there's a whole lot less value to invest for. All need to understand is the basic concepts on why people buy commons and why people buy Prefs. It's real simple.

Prefs had zero advantages going into this, so did commons, and that is how we come out. There is no definite reason or advantage to converting anyone.