Replies to post #673031 on Fannie Mae-No Politics (FNMA)

[Wingsjr]

Don’t I know it. I’m 100% com’s. Made my money in Prefs when they pumped it from 5 to 10. I took the double and bought Com’s. I’m already converted and holding 310,000 shrs. Prefs will never get the conversion I made for myself. Chi-Ching!

[Fanatical Infidel]

Actually this is what Tim Howard, the former CFO of Fannie said...

I generally don’t comment on the investment aspects of the potential resolution of Fannie and Freddie’s 12-year conservatorships–the focus of this blog instead has been on making the case for using facts as the basis for releasing the companies in a form that maximizes their value to ALL stakeholders, not just investors–but in this piece I thought Gary made a compelling case for Fannie and Freddie junior preferred stock as an investment.

-Tim Howard on Gary Hindes March 9th, 2021 Time for a fresh look 2
https://howardonmortgagefinance.com/2021/01/25/then-and-now/#comments

I own both common and JPS and expect both will do well.