Fannie Mae (FNMA)

[s404n1tn0cc]

FNMA :FACT Ticker Symbol: FNMFN CUSIP: 313586794 Exchange: OTCBB
Security Type -Traditional preferred.
It is trading at 22.00 a share. But face value is 50.00.
the point is each type of Preferred is approx 2.5 billion cap.
at 21 types roughly 50 billion. Chump change for Treasury. Same for
FMCC. Combined 100 Billion. So 100B for 5 trillion portfolio.
Commons a non issue- cancelled. They should just pay now... why drag this longer than it has to. FHFA just accumulating liabilities. Treasury can just call the securities Tomorrow.