Replies to post #757016 on Fannie Mae-No Politics (FNMA)

[Donotunderstand]

By now - I give up forecasting anything positive

But for commons to go to 10 or say 20 ----- the JPS will need to go to FACE

That much I feel confident about

Will either JPS or common ever go up --- who knows

But IMO ---- I just do not see a solid major win for common without an equal or almost equal (or better) win for JPS

And it scares me - now with mostly JPS - if Treasury wants to dilute by 20X or whatever the common - somehow that death has to spill over to JPS ------ they are both equity