Fannie Mae-No Politics (FNMA)

[Donotunderstand]

The wording in ALL legislative and agency (executive) creation and operation documents is dividends

It was never a loan - and likewise every bank under TARP was equity not a loan

I am not echoing anybody

I recall (with a weaker memory each year) that this was senior preferred stock

My broker license studies and test --- both tell me stock is equity (even if it looks like a bond and smells like a bond). Note the set 10% is a set dividend rate on PAR) Check out any JPS from any company - they all have set dividends.