Fannie, Freddie Preferred Shares Are Like Buying Common Shares At A Discount

It has been a whirlwind week for Fannie Mae, Freddie Mac and their shareholders. The Treasury Department released its plan last Friday, and then on Monday, a court ruled in favor of holders of the government-sponsored enterprises’ preferred shares. Now Treasury Secretary Steven Mnuchin said in an interview on CNBC’s Squawk Box that President Donald Trump has approved the plan released by the Treasury on Friday.

It certainly looks like things are proceeding quickly after a long decade, and well-known