Fannie Mae-No Politics (FNMA)

[DaJester]

CCSAB - I think the SPO may be used to fund retirement of the JPS. So par is likely. However, they could offer a vote to get 2/3 to agree to cashing out at less than that. Since this has been a long time coming, there's a good chance 2/3 would take a quick 80% par value and be done with it. This would not affect commons at all.