Fannie Mae-No Politics (FNMA)

[Steelhead9]

Where else would it come from? Treasury isn't going to write any checks.

You say that like more for the Preferreds is SUPPOSED to happen. What preferred sign up for is a share price ceiling (par) and a set dividend. That's the deal. Commons sign up knowing what the company's financial responsibilities are. They signed up with the understanding that Preferred shareholders are contractually blocked from just deciding they want more and getting it. Equity raises are an equal risk for all shareholders. But simply wanting the blood from the bodies of the still-living commons because you want enough so you can go dancing without getting tired ... is unacceptable.