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

All those names are vastly higher now, but I still think it's crazy that the agencies haven't just started paying the divvies again. For like $1B total annually, they could make them all go back to par and get rid of all the lawsuits.

Also, Lehman exposure wasn't that bad - I think almost all counterparties got paid in full.

This right here tells me you are a professional money manager of some type, cheers. This issue with Lehman is if you are at a public company you still usually have to sell before the full recovery occurs. This is how vulture investors make money. But you are spot on. As for the FNM/FRE they got close to going back private back during Trump but it has been a long wait for investors like Paulsen who has a BIG bet on the prefs. And even if they start paying the divs are not cumulative.