as I recall Bloomberg pays its reporters more money if they have an effect on the market. this is crap journalism and it calls into question this reporting.
the part I believe in this story is that mnuchin is incredibly stretched and is the linchpin for delivering the treasury report to potus...and for doing just about everything else in this administration. the speculation that the GSEs are a political football that are best addressed after 2020 election is something I dont believe. I think this is Bloomberg reporters trying to make more money by quoting an unnamed source who isn't in charge of anything.
I still like the risk/reward of the junior pref, even more now at this price. and @hardincap. I expect a conversion so that the return will not be capped