Fannie Mae Preferred S (FNMAS)

[taintedfud]

' Does that mean that they have to go completely out of business?'

i would think not. some entity would have to purchase them, then recapitalize them. so someone offers 50B or 100B for the whole thing. certainly if they go into Rship, they would have to be sold to highest bidder. i imagine the chinese and the russians and the germans would be extremely agressive bidders.