Replies to post #363281 on Fannie Mae-No Politics (FNMA)

[big-yank]

If further junior preferred shares are offered before existing issues resume paying dividends, you can add me to the list. I'll sue, too.

Nobody is going to pay crap for any pfd. stock that has no deliverable benefit except a liquidation preference in case of insolvency and liquidation. This is a total non-starter for raising capital.

JMHO.

[tcj]

Whatever the dilution would be wouldn't matter without the warrants being exercised. The PPS would be terrific. I don't think anyone would be suing!

Tim Howard is absolutely the most expert source available today. Utility model would make the most sense and it would be a positive.