Fannie Mae Preferred S (FNMAS)

[rosen62]

In the end, a security is a promise based on precedent, and courts will be loathe to undermine the promise & the precedent,

Specially when that precedent is Hamilton's!

Now that I see it in writing I am thinking this is simply written in bible code. This concept is so irrevocable that convinced Berkowitz to fork out 1/2 billion. Still we don't know what the courts may say or the Treasury may do that will keep equity impoverished.