Fannie Mae-No Politics (FNMA)

[Commons_Cancelled]

Or completely devastated. Just depends on the outcome. If the capital raises take place at $0.50 and you owned 1 million shares at an average price per share of $2, it's going to be a painful lesson as prices might never get back to $2.

As numerous others have stated, Commons are a lottery ticket. Even Preferreds are a bit of a gamble, but at least Courts have ruled in favor of their contract rights.

Like they say, if you're going to gamble, you're best to do it at the highest level of the capital structure (ie: Preferreds).