Replies to post #684241 on Fannie Mae-No Politics (FNMA)

[Commons_Cancelled]

Why do these FNMA Facts always get repeated?

But in all cases, if the commons have an economic value of even one cent then the juniors are worth at least full par. It's alarming how much ignorance there is (not on your part) about what a restructuring means and the great importance of the capital stack in a restructuring.

Capital Structure 101 was a challenging class. It's no surprise so many FNMA Average Joes didn't pass.