Fannie Mae Preferred S (FNMAS)

[CatBirdSeat]

Stockanalyze may have a point there. I agree that the future of the common is more cloudy to see than the future of the preferred. I do think there is value in the common. The original holders of the common were just about as screwed as the preferred, although the original holders of the preferred even more so, especially when you have the treasury telling folks to buy without limitation, and banks held the preferred as Tier I capital.