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Thursday, October 30, 2025 7:39:06 AM
Conversion is a fear tactic by preferreds, probably first hypothesized by Bradford. Its grasping at straws. Neither SPS nor FNMAS are "convertable secuirites". To convert uncovertables requires congress, since they have a congressional charter. Congress cant even agree to open the government, let alone convert unconverables.
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- Fannie Mae Announces Tender Offer for Any and All of Certain CAS Notes • PR Newswire (US) • 02/23/2026 02:00:00 PM
