Replies to post #606429 on Fannie Mae-No Politics (FNMA)

[Donotunderstand]

can you take me through this step by step

you own PFD because they become common ?

so why not own common ?

what assumptions are you using - to go indirectly ?

I own preferred for a possible advantage they may have in getting to PAR before the common is fully valued

I own common for the grand slam home run

and you own PFD because they will become common ?

[FOFreddie]

Hi Kthomp:

You seem to indicate that the FHFA will adminsiter a future Conservatorship different than how they will resolve the current one?

IF the US Govt can steal from current common shareholders what stops them from doing it in the future no matter how long between the thefts?

Do you disagree that the FHFA should look to the insolvency principles and procedures relevelant to US Depository institutions in the FDIA?

Isnt your opinion based on the assumption that the FHFA will interpret HERA to implement the maximum screw to existing common sharholders and then try to convince future investors that the FHFA will have a different intepretation of HERA going forward?