Replies to post #507402 on Fannie Mae-No Politics (FNMA)

[CatBirdSeat]

Please See Junior Preferred Stock Rating. Right From Fannie Mae’s Website

D

http://www.fanniemae.com/resources/file/debt/pdf/understanding-debt/credit_rating.pdf

Means JPS Are Dog Crap!

[Donotunderstand]

yes but

it is equity

and having been around the block many times - the notion of senior equity and junior equity is strange sounding

preferred stock is just that - preferred -- but only for dividends and then for their just above common place in an 11 waterfall - and for that they give up participation in rising profits and voting