Replies to post #17210 on Fannie Mae Preferred S (FNMAS)

[Commons_Cancelled]

Picked out my new License Plate today -- MOELIS

Can't wait to put it on my newly purchased Camaro once Moelis gets implemented and the GSEs are released!

[Commons_Cancelled]

Senior Equity shares continue to out-perform the Common shares by a long shot.

In a re-capitalization, you don't want to be in Junior Equity (aka Commons) or you risk being diluted via the Mnuchin Dilution Solution.

Thankfully, us Senior Equity (Preferreds) shareholders are positioned much better and don't run the risk of dilution.