Fannie Mae-No Politics (FNMA)

[bradford86]

Keep telling yourself that. Jps can voluntarily convert to common at the discretion of jps holders if we all agree. But i wont be voting to convert until i see terms that get me par in commons. I have no confidence that the current price is the floor for commons especially with spspa conversion and warrants. My view is with those government equity instruments— common is overvalued given its capital requirements