Fannie Mae-No Politics (FNMA)

[The Man With No Name]

The preferred can be cancelled, period, but they probably won't be, Common should be worth $325

Where do you get this nonsense? $325? Never gonna happen. The SPS will never be cancelled. Never. Get it out of your head.

If anything happens to the SPS it will be a conversion. There is no way in hell Treasury walks away from $193 billion so as to give legacy commons a windfall. Legally, logically and politically it'll never happen.