Burry cites treasury dilution risk in shift to Fannie and Freddie preferred stock (FNMA:OTCMKTS)
· seekingalpha.com
Michael Burry swaps FNMA/FMCC common stock for junior preferred shares amid 90% dilution risk from a $388B Treasury conversion—see why now.
'The Big Short' investor Michael Burry is switching from common stock holdings of Fannie Mae (FNMA) and Freddie Mac (FMCC) to junior preferred shares amid dilut...