Fannie Mae (FNMA)

[ShortPutCall]

I never said Gse prefered shares, I said Fannie Mae shares, as the way they set them up. It's also means nothing. As it was a way to explain fannie maes stock to people who have no idea about them, or that they exist. They have a are sold on a fixed rate on a par vaule but trade different. I know what fannie maes prefered shares are, so I don't need to think there sorta like bonds. fannie Maes prefered shares are really one of a kind as they have about 10 different classes, with fixed and variable rates on dividends, with big par vaules. It is like me saying a grapefruit is like and orange. or more like lemon like a orange. Both citrus, same texture though complety different.