Fannie Mae-No Politics (FNMA)

[kthomp19]

Also, if you're so negative on the commons, what FNMA do you hold and why?

I own various series of the juniors, mostly FNMAS and FMCKJ but the rest is spread around.

I am negative on the commons given the current price level of the commons and the juniors. If FNMAS traded at $25 and FNMA at $0.50 my views would change.

I see no realistic path for the commons to have more upside than the juniors from here, and much more possible downside for the commons.