Replies to post #665267 on Fannie Mae-No Politics (FNMA)

[RumplePigSkin]

Tim Howard, exCFO of the GSEs says the Junior Preferred Shares of Fannie Mar are a quagmire trade and will continue to be a quagmire.

Does anyone have that quagmire midwest boutique investment firm that wrote the with certainly about JPS conversion? What a quagmire ...

Even with a prospective favorable SCOTUS ruling, Junior Preferred Shares have virtually no upside as they won’t be seeing any dividends for 4 years!

JPS are dead money even after a favorable scotus ruling. Commons will appreciate at several multiples based on PE. Sorry JPS, a quagmire trade ...

[jog49]

"I like Epstein, I like his writing and his arguments, and he has been making them for ten years -- ONE court has followed his argument, just ONE in the en banc ruling..."

I agree with your assessment but Epstein appears to be as much a featherweight as did Nader. Both spoke loudly but nobody much listened.
I guess we need the heavyweight champion of the world in law.