Fannie Mae-No Politics (FNMA)

[bradford86]

they could go to $0.20 and who knows. no security here. no dilution protection in a restructuring where there is a senior security with its liquidation preference underwater as it is not as large as the potential restructured market cap

and that doesn't even get into the warrants.

no security here

no value here

a bad gamble/bet made by fools.

"scooping up them cheapies" --- would imply that there is value here that exceeds the price you're paying to buy..

but the reality is you're scooping up them poopies.

a turd on the ground is worth two birds in the bush according to the commons here like navy or catbirdsheet.