I used to think div. restore means > RV
If they restore divvy, then 8.25% on FNMAS *could* fetch $30... right?!
Sure, they would call them in... so, not much more than $25, but some.
It appears there might be a re-capitalization in the offing. All $25s = $25, $50 = 50. Well, that may be -or- not.
We shall see what Pershing (independent of Fairholme) devises, but in any case... the juices are flowing.