Freddie Mac (FMCC): A man once said the following, but remem...

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Re: None

Thursday, 05/04/2023 3:38:14 PM

Thursday, May 04, 2023 3:38:14 PM

A man once said the following, but remember there is complete bias involved in GSE analogies.

Anything that is bad for the juniors is at least as bad for the legacy common.
Anything that is good for the legacy common is at least as good for the juniors.

This statement is not fact, and worse yet does not exist in real world corporate structures. Commons own the company, preferred only make claim is in receivership or BK. They are 2 completely different contractual structures.

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