Fannie Mae-No Politics (FNMA)

[Latergater]

My understanding/ guess of the commentary tonight in regards to common maybe not fairing as well as pfd who should receive par or close to par. Pfd will be made whole or close to whole since they have a par value. Since common does not someone who bought precrisis at the height would not be made whole even at 60 bucks. Someone who bought recently would be made whole and also do very well. Both classes will do well, it’s just vague langue for now.