Fannie Mae-No Politics (FNMA)

[Donotunderstand]

Hey
if I thought such conversion dilution was very likely - I would not own any FNMA and FMCC common

I do own common - on BET there will not be a conversion and massive dilution --------- but it can happen . The biggest logic for no conversion of SP to common is ---- as simple --- as it is NOT needed !!! It is just as doable to note 300B for 190B - paid off - gone . I think of it as 50-50 on most days