Fannie Mae-No Politics (FNMA)

[Commons_Cancelled]

That's the predicament FNMA finds itself in.

Now we just have to hope the Sr. Preferred Cramdown Plan isn't the last ditch effort to get GSE Reform done.

It would be devastating for Commons to have fought this long, and posted so many messages on internet forums for so long, to end up getting shafted in the recap.

Let's see what cards we get dealt. Unfortunately, we're not going to have an option to draw new cards.

Will the Gamble on Commons pay off or will we realize in retrospect that Jr. Preferreds were the way to go all along?

Tick Tock goes the Commons' Clock.

#TickTock