Replies to post #592158 on Fannie Mae-No Politics (FNMA)

[Doc.007]

Wishful Thinking or Dreaming is for free, but Not the Prefs Losses at Buys after Sept. 5, 2008 !

If something maybe get converted, it's only the Prefs Buys from before Sept. 6, 2008, but there not many left.

[kthomp19]

Lumpina,, yes, RoLG is like many of us is unsure of commons price since we do not know final share count and other details. In contrast, you can get a $50 FMCC pref for $16 - back to par thus gives a triple... and cherry on top if that is then converted to common anyway

So more safety and possibly just as much upside as common, maybe triple in fact

It's good to see wisdom on this board. The commons would have to go above $10 to make them a better bet than the prefs, and given all the big sources talking about huge capital raises (Calabria, FnF's CEOs) that is highly unlikely.

Let the catcalls and name-calling commence... lol

Violence is the last refuge of the incompetent.