Fannie Mae-No Politics (FNMA)

[Forrest Gump Luck]

Sorry, I hate to always slam on Bradford but didn't he borrow every dime he could to buy the common and when that failed he thought he'd recover in the preffereds? Am I remembering that right? It was about 10 years ago for the commons and 5 years ago for the preferreds. Forgive me if I am remembering this wrong. I actually hope I am wrong. i just trying to gauge the depths of his desperation, remember when he wrote those 10 articles and all of them were 100% wrong? At least he gave that up.