Replies to post #11 on Fannie Mae PRD PERP/CALL Ser DIV 8.25% (FNMAT)

[adeezl]

I think this FNMAT and FNMAS are the only ones to play anymore, if they ever do get made whole, prefs will get first dibs.. thus why hedgies are buying preferred. Notice the complete meltdown on commons? That never happened on these preferred shares, both hardly took a step back.