Replies to post #372305 on Fannie Mae-No Politics (FNMA)

[NobodyFromNowhere]

you must be sharting pants as we fall then. no value for commons. navy commanders white pants will be permanently stained brown now. there is not getting rid of this accident

[rekcusdo]

You are saying you bought your preferreds and commons at the same price, right? 3.00 each for example.

That is great! But it doesnt change the long term value association. If common drops to 0, so will preferred. If common skyrockets, so will preferred. In no situation will preferred skyrocket while common drops to 0.