Replies to post #461116 on Fannie Mae-No Politics (FNMA)

[DumbDumberDumbest]

Seriously? A non convertible/non cumulative Preferred Stock will get converted into Commons and will recoup past dividends.
Thank goodness I didn't become a teacher.
I'd be in jail right now.

[bradford86]

right, but converting them helps recapitalization because at the end of common raises there is more room to sell new pfd.

the premise is basically to start out as fresh as possible with equity capitalization