Fannie Mae-No Politics (FNMA)

[Donotunderstand]

WMB - Washington Mutual ?

I owned some paper back then - 1850?

Best i recall

BONDS - got paid 100% - there was no loss rate

Trust Preferred (which are Preferred stock backed by corporate bonds - not the corporation !!) got paid (I forget what % - but I know I did real well buying in the panic

JPS and Common got stock in another company (which I sold - COOP? - and i think (unless there has been reverse stock splits) turned out OK

But Bonds got paid - TRUST preferred Securities (again bond backed not corporate backed) did well if maybe 100% or 80% ---- and all equity actual did not get wiped but best I recall got COOP stock