I tend to agree on outcome. I remain an owner of junior preferred only though.
I think the ceo of fannie mae talking pro exit conservatorship is practically a firable offense if the biden admin was not okay with it. Same goes for sandra thompson who talked recap at the Thursday fireside chat.
Anyway — i own jps because of the spspa and my estimate of valuations.
Jps have the anti dilution protection that i need to sleep well at night. May want to check them out. Multi year lows but 52 wk highs. Zoom