Replies to post #691443 on Fannie Mae-No Politics (FNMA)

[Donotunderstand]

I'm not sure, but I doubt it. What the liquidation preference ratchet does is remove all future liquidation preference claims from the existing juniors and commons, but the NWS had essentially already done that and the Supreme Court said that's okay.

Hi

Please say in 5th grade words and sentences

thanks