Replies to post #592730 on Fannie Mae-No Politics (FNMA)

[Doc.007]

Again Just Prefs-Debts BS !!

Debts-Stocks Without Contracts Rights, because Effectively SEC Cancelled long ago at Sept. 6, 2008 will never get converted and remain just Voided & Nullified and the same about The Lost Leverage !!

Need To Respect The SEC Facts and Not Fantasyland Wishful Desires & Dreams.
It's Unbelievable The Prefs-Debts Ignorance To Fool.

Here The SEC Facts To See https://investorshub.advfn.com/boards/read_msg.aspx?message_id=153132543
See also the connected Link for more Facts-Details !

This where anybody knows what usually happen with Debts at Insufficient Capital Insolvency Companies.

[Possum336]

Because unlike the common which the government owns 80% of and can force actions like reverse splits and dividend reductions. the preferred are held privately and 2/3 of these holders have to vote for a conversion. with many of them at 6% or better yields before a common dividend is paid, I think a lot of people may hold on for income. 6% will be hard to come by after the Trump recession. The poor GDP growth just does not support asset appreciation levels of today. any asset class