Fannie Mae Preferred S (FNMAS)

[skibrian]

good to know source of bank-debt quote

i've heard it turned (and I like it better) as:

If you default on a $5 million loan, you have a huge problem. If you default on a $50 million loan, the bank has a huge problem.

In my industry, it means you just might get your bank to pony up more money to help you work out of the situation when "the bank has the problem". Otherwise, they drive you into bankruptcy if it is "your problem".