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GSE Thesis Updates & Catalyst Tracking

Fannie Mae & Freddie Mac are Glen's life's work. Court filings, legislative moves, FHFA signals, Treasury actions -- every catalyst tracked in real time with context most analysts miss.

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2008-2026

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Glen's Musings: Investing Edition

GB

Glen Bradford

glen@glenbradford.com

Subject: FHFA Signal + Why I Added to FNMAS This Week

Hey --

Two things happened this week that matter if you hold GSE preferred:

1. FHFA Director testimony -- Used the phrase “recapitalization pathway” for the first time in a congressional hearing. This is new language. It matters.

2. Treasury quiet period ending -- The 90-day review window from the Executive Order closes next week. Whatever comes next, the market hasn't priced it in.

What I did: Added 2,000 shares of FNMAS at $4.82 on Tuesday. Total position now 47,200 across all series. Full breakdown on my positions page.

What could go wrong: Everything. This is a binary bet. If Treasury decides to wipe junior preferred in a recap, I lose my entire net worth. I am not being dramatic. I write about this because you deserve to know the risk I'm taking.

Full analysis + links in the blog post I published this morning.

-- Glen
@DoNotLose on X

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Not Financial Advice

This newsletter is for educational and entertainment purposes only. Glen Bradford is not a registered investment advisor, broker-dealer, or financial planner. Nothing in this newsletter constitutes a recommendation to buy, sell, or hold any security. Glen has significant concentrated positions in the securities he discusses (especially Fannie Mae and Freddie Mac preferred stock) and his commentary is inherently biased by those positions. Past performance is not indicative of future results. All investments carry risk, including total loss of principal. Always do your own research and consult a qualified financial advisor before making investment decisions.

Frequently Asked Questions

Q: What makes this different from the general newsletter?

The general newsletter covers everything Glen writes about — AI, building in public, Claude Code, gear reviews. This investing edition is focused exclusively on markets: GSE thesis updates, trade transparency, position changes, and investing analysis. If you only care about the money stuff, this is the one.

Q: How concentrated is Glen's portfolio?

Extremely. Glen's entire net worth is in Fannie Mae and Freddie Mac junior preferred stock across all 26 series. He does not diversify. This is a concentrated, high-conviction bet on GSE recapitalization. He is fully transparent about this and the risks involved.

Q: Does Glen sell courses or paid stock picks?

No. The newsletter is free. Glen does not sell stock picks, courses, or trading signals. He writes about what he owns, why he owns it, and what he's watching. For deeper analysis and Q&A access, there is a $20/month Investor Community, but the newsletter itself is completely free.

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The Little Book of Common Sense Investing

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