Replies to post #621834 on Fannie Mae-No Politics (FNMA)

[Commons_Cancelled]

You're not comprehending the possibility of Commons being wiped out ;-)

Jr. Preferreds will Convert to the new Commons shares after the existing ones get wiped from the face of the earth or become Gray Market trophies for the Average Joes.

Jr. Preferreds can win and get 100% of Par while Commons get nothing. There is no scenario where JPS get nothing and Commons prevail :-D