Reply #61: Preferred stock that is what we bought

[nadinbrzezinski]

care to tell me how preferred works?

Please do... I am not going to bother trying to explain to the willfully ignorant how preferred stock works versus common stock... but you should use the damn google

By the way you haven't checked the LIBOR rate, have you? Here you go

This week Month ago Year ago
Bond Buyer's 20 bond index 5.32 5.23 4.33
FNMA 30 yr Mtg Com del 60 days 6.53 5.84 6.11
1 Month LIBOR Rate 3.17 3.93 4.72
3 Month LIBOR Rate 3.47 4.05 4.91
6 Month LIBOR Rate 3.48 3.98 4.82
Call Money 3.25 3.75 6.50
1 Year LIBOR Rate 3.51 3.89 4.63


Oh and sorry it is higher than it was yesterday... and it SHOULD BE much lower... but the TREND has been towards lower numbers