Its a stretch (I know), but I did find it intresting that they are allowing a capped net worth (equity) allowance for ea GSE and in FMCCs case it correlates with the last callable dates (in 2017).
Also, I do believe the banks that held jr prefs (based on regulator recommendations and specific IRS allowances to buy/hold them) would sue immediately and win if these jr pref do not get fair treatment.
At a minimum, would like to see a fair tender offer.
my favorite movie is 12 angry man. watch it over and over again. so apply it here, all decisions swayed in our direction, it's not difficult. enjoy the weekend.
News 
Market Data 
Discover 
