Fannie Mae-No Politics (FNMA)

[kthomp19]

Fantastic post.

I can't believe how many out there are still peddling the lie that the juniors (or even seniors) cannot be converted to common. It is easily possible as long as the companies and preferred shareholders agree.

I can only surmise that it's a matter of them allowing their desire to not have a junior-to-common conversion to cause them to get the facts wrong.