Replies to post #17 on Fannie Mae Series Q Preferred 6.75% (FNMAI)

[NewJerichoMan]

But the usurious 10% divvy goes away now. Some quarters FnF would draw so they could pay that divvy. The vicious cycle is ended.

This merely speeds up the timeline.

Either FnF go into receivership (all stockholders get zero) or they pay their debts and are privatized (all classes of stock have value).