Fannie Mae (FNMA)

[Commons_Cancelled]

Capital Structure 101 allows JPS to sleep well every night.

Here's a quote from kthomp19 as a reminder:

But in all cases, if the commons have an economic value of even one cent then the juniors are worth at least full par. It's alarming how much ignorance there is (not on your part) about what a restructuring means and the great importance of the capital stack in a restructuring.

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