Replies to post #661890 on Fannie Mae-No Politics (FNMA)

[Commons_Cancelled]

Interesting that the ex-CFO of Fannie Mae is selling his Commons, which he's held near and dear for so long. I don't blame him though.

I think this is the reason we're seeing a Rotation from Commons to Jr. Preferreds today. This Rotation will likely escalate as the smart Average Joes (not the Lemmings) take advantage of these prices and move up one layer from the bottom of the capital stack.