Fannie Mae Preferred S (FNMAS)

[rosen62]

"...I think we are in a better position to get a workout solution with an administration that has much more business experience."

With all due respect, business experience does not equate to morals or principles. A guy like MR will most likely kill the old shareholders in favor of new ones. And that would still be a business-like decision. Not making good on a past contract, not even morally right. But a shrewd, practical and convenient decision.