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Alias Born | 03/14/2013 |
Thursday, June 06, 2013 11:06:27 AM
People don't realize that whether FNMA gets liquidated or not, we still make money.
If it gets liquidated, we are last in line to receive whatever Fannie Mae is worth.
And they are worth A VERY LARGE AMOUNT, even though we are behind senior and jr preferred, we still bank on it.
And don't even get me started if we DONT get liquidated, thats over $50 a share right there.
So you see, regardless of the outcome, all shareholders are going to make money.
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