Replies to post #5284 on Fannie Mae Preferred S (FNMAS)

[jwnoble3]

Got it 4cent...so are you of the opinion as they pay back they are essentially retiring sr prefs?

Looks that way according to S&P (see below, their numbers)

2012 2011 2010 2009 2008 2007 2006 2005
Equity -77,618 -86,426 -78,710 -61,531 -59,640 12,615 22,192 22,582

2004 2003
26,807 26,878