Fannie Mae-No Politics (FNMA)

[Louie_Louie]

Exactly! Those on here who do not understand why it's called liquidation pref. Only applies if liquidated, bankruptcy. Government Trump/Calabria/Mnuchin made it incumbent on the next in line to release, and very difficult to bankrupt, as Obama tried. If they BK, then government basically owns the whole shebang, and BOOM, all that 7 trillion of mortgage debt goes on the countries credit card.