Regional US Banks are Heavily Invested in Fannie and Freddie Preferreds

Regional US Banks are Heavily Invested in Fannie and Freddie Preferreds

from Jesse's Café Américain by Jesse

This may help to understand the Treasury's next moves.The banksters really do not want Fannie and Freddie to be bailed out and maintained in anything such as their current form. They want Fannie and Freddie's business, more precisely the fees from same. They also want the debt to be made whole.The big banks do not care so much about the preferred stock. In fact, they might even be in favor...