Fannie Mae-No Politics (FNMA)

[Louie_Louie]

If it is true in that article, yes, pref's are in for some hurt. Just like they were saying new investors would not want current commons to benefit when they were preaching their common dilution, now shoe is on other foot. New pref's will want old ones wiped out possibly, maybe bought out, but I doubt full par is in the offering since the senior pref's is a big ax over their heads.

We will see if this is all true. Might be speculation and rumor for all we know right now.