Fannie Mae-No Politics (FNMA)

[blownaccount9]

Lordy y'all bicker like a bunch of children. Why can't we stick to posting relevant news instead of squawking about things that haven't happened. P and Cs are all gonna get paid there is no question in my mind there its just a matter of when. I think you could argue that there is a chance that massive dilution takes place which is an incredibly low chance similar to that of all equity shareholders getting canceled. I do think it could be worthwhile for common holders to carry at least par value worth of Ps equivalent to their $$$ holdings in Cs which would mean splitting your portfolio roughly 6-7% P and 93/94% C to hedge that specific risk, but of course it isn't necessary.

I did want to ask if there is an updated timeline anyone maintains as far as possible dates that could have positive news? I know 12/21 could be solid if the allocation plan is presented and approved by that date, but is there anything else coming up in the next couple of months?

I wanted to thank Mr. Navy Cmdr for his positive contributions in terms of keeping up on any and all news updates! I'll be sure to keep following. Thanks everyone else who has contributed thoughtful discussion and relevant guesses for when we could see a release from conservatorship.

Bradford/other Freddie preferred holders: Are any of you considering selling your Freddie Ps and swapping to Fannie with the hope of seeing a significantly larger paying from the trial settlement thanks to the interest payment? Also, I am interested if you all hold commons at all?

Full disclosure: I've got about a 1:1 ratio P to C so I am more heavily skewed toward preferreds simply because of my risk intolerance and (potentially wrong) assumption that P are less risky.