Replies to post #443953 on Fannie Mae-No Politics (FNMA)

[HoldenWalker99]

Common too risky here... slow burn from $2.50 down to $2.00 in the next few weeks. Then it's a prayer and hoping that common shares are treated favorably in reform. Court is the only hope and not looking good. Ackman is the largest preferred shareholder and likely to make a nice profit here and move on; he's no stranger to being wrong. Critical to move a MINIMUM of 25% of GSE exposure to preferred shares as a hedge. It's not too late. Best of luck to all.