Fannie Mae Preferred S (FNMAS)

[feralcomprehension]

"Fannie Mae and Freddie Mac could be transformed into cooperatives...."

This is the sort of scenario where the prefs are safer than common, IMO. This arrangement could gut the common, but the prospectii of the preferred shares are immutable so long as the businesses aren't put into receivership.

Sure, they can bust up FnF and give away the bits, but they still owe me $25 per stub (FMCKJ)!