Fannie Mae Preferred S (FNMAS)

[big-yank]

The legal clout trying to address Fanniegate is clearly weighted heavily on the preferred shareholder side. You now have Mel Watt adding to the discussion begun by Timothy Mayopoulos in December concerning the January, 2018 D-day when Fannie Mae's coffers run dry and further Treasury draws may be required to stay afloat. I am not surprised that most of the serious hedge fund money seems to repose in preferreds. In a liquidation, commons could get laid bare.