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  • dpsimswm dpsimswm Oct 27, 2009 10:05 AM Flag

    Neverending Collections Call

    I own FRE and FNM preferred stock, which I don't believe are worthless. If the housing market turns around and employment improves, Fannie and Freddie will start turning quarterly profits again, which means they will be valued on future earnings instead of book value.

 
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