Fannie Mae-No Politics (FNMA)

[blownaccount9]

Except I don’t want to be made whole. I want dividends and my damages check. I would be livid if they just paid us out. 20x my money when I could have gotten 40-60x on commons would be frustrating to me. I want to keep commons and enjoy the growth while enjoying the cash from 8% interest on prefs. You can pretend they’d crush retail, but that just isn’t in the cards. FHFA head himself said he’d be investing in the 2 if he wasn’t in the government. Basically an implicit admission that their share price will be substantially higher in the future. I’m glad I added enough commons to make a big difference in my life once they are released.