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re: Some common myths about the markets that are untrue and/or 99% do not know

Posted on 4/17/24 at 3:08 pm to
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11296 posts
Posted on 4/17/24 at 3:08 pm to
quote:

I still think it's crazy that the agencies haven't just started paying the divvies again


You serious, baw?
Posted by Big Scrub TX
Member since Dec 2013
33740 posts
Posted on 4/17/24 at 4:01 pm to
quote:

You serious, baw?
I mean, yes? It's been several years since I stopped tracking it, but I just looked now and Fannie booked net income of over $17B in 2023. I think they could fully service the pref dividends for like $500M annually. If they re-instated them like that, the prefs would basically instantly go to par. So for sacrificing like 3% of their earnings they could make this eyesore go away. Who is it good for to have them trading at cents on the dollar and with tons of court cases?
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