Fannie Mae-No Politics (FNMA)

[rekcusdo]

"I totally disagree that: "In no situation will preferred skyrocket while commons drop to zero". Plus, I don't seem to recall stating a $ zero projection for commons as you claim."

Sorry, I didn't mean to imply you made that claim. I was stating it more as a hypothetical.

However, I do stand by the statement. I know you feel liquidation preference plays a big part in the value, but as Ive stated before, if we actually liquidated, I dont believe there'd be much left for preferreds after debt is settled anyway.

Still, as you said...I believe that it is likely both stock classes will prosper. I just dont believe one class will prosper while the other does not.