So, you are still "clinging" to your position that commons get hosed and preferreds get rich, no matter the facts. "People with money" disagree with you. That is, smart money. I paid as little as 80 cents for some of my fnma, and that. That is 15x...more than a 10 bagger. The preferreds have lagged that by a mile. Im betting the Ackmans, and the "real money boyz" know what they are doing buying the commons. Bet against them at your own risk.
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