Fannie Mae (FNMA)

[Donotunderstand]

community banks

the day the grab - the first grab - was announced - there were a lot of questions directed at HANK PAULSON about the negative impact on community banks who owned a TON and MORE of F and F pfd as level one capital (via incentive from regulators)

he said "he understood" and it would be looked at case by case

and then he screwed the smaller banks so trapped

value of preferred shares in F and F was (maybe is ?)a big issue for small banks -