Fannie Mae Preferred S (FNMAS)

[KylieM]

Jared,

Thank you very much. From what I understand, F&F commons are almost identical to junior preferreds in the context of "safety."

My point is, the chances that when F&F are being liquidated, or shares are being wiped out in whatever ways, commons got nothing but junior preffereds got fully/ or partly redeemed are very very low. Most likely they will both got swept away and got nothing. In this circumstance, I find that FNMA is better than FNMAS.

Any thoughts?