Replies to post #551973 on Fannie Mae-No Politics (FNMA)

[mrfence]

$FNMA~Word to our Mothers ;-)

[Commons_Cancelled]

I feel like I'm Gambling on Jr. Preferreds. They're a much, much safer bet, but definitely not a sure-thing by any means of the definition.

I can only imagine how $FNMA Commons must feel. I wouldn't be able to sleep with all that uncertainty. Would likely be glued to i-hub for 20 hours a day making sure I got the latest Scoops.

Being in JPS, and being up ~400% from my buy-in price, gives me a lot more peace of mind. I'm still not certain where JPS end up, but it should be higher than the ~40% of Par they're trading at now ;-)

But this definitely isn't the end of the road for anyone, JPS or Commons. There's still a whole lot more legwork that needs to be done and we will face a lot of opposition and uncertainty in the near-term.