Freddie Mac, 8.375% Non-Cumulative Perpetual Preferred Stock (FMCKJ)

[philipmax]

That's why these issues are so exciting.
There is always a chance that someone who is well connected in Washington will grab these entities for themselves (think Carlyle Group, or Blackstone, or Blackrock and such, perhaps). If they grab these, they'll take them away from us with UNE-GOTTZ (sic) with regard to the public good or to shareholders' rights.
They can do so because... THEY CAN!

Other than that threat, we are look pretty good here.