Fannie Mae-No Politics (FNMA)

[bradford86]

Yeah. Spspa liq pref is like a 1000 foot tidal wave vs a paddle boarder on their common shares whereas the jps are like a submarine, the only way to ruin them is to drain the entire tub through receivership where liquidation preferences — just dont add up basically

But these companies have more net worth than in history. Just a matter of time before they exit conservatorship recap and release