Replies to post #16761 on Fannie Mae Preferred S (FNMAS)

[NobodyFromNowhere]

FAIRX is 25% in cash right now so he should be able to survive the storm without selling his positions. Depends on how many redemptions he gets. He obviously knew he was going to have problems and that is why he has so much cash earnings 0% in a mutual fund.

[lwc23]

why such a huge spike in preffered shares 2day?