Replies to post #777662 on Fannie Mae-No Politics (FNMA)

[Wise Man]

The rogue 94-year-old pro se plaintiff switches FnF for the brokerage firm Schwab, to justify his assertion already dismissed, contending that

Senior Preferred Stock is a product by definition.

The sale of securities is a business activity for a brokerage firm, BUT NOT FOR FnF.
An example of product in FnF is their Mortgage-Backed Securities (MBSs), the business activity of bundling mortgages into MBSs with their own guaranty.
The SPS aren't a product.
Now, tell this to your more than 20 different aliases on this message board.