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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Stoctrash who wrote (9882)8/25/2008 8:02:35 AM
From: Hawkmoon  Respond to of 33421
 
WOW..."Fannie Mae has 17 classes of preferred stock,"

Yeah.. seems that explains why the GSE's can't cut dividends on their preferred without directly impacting the financial health of the banks that own it.

Some stuff out of Fortune, that might be pertinent to how the GSE mess is handled:

money.cnn.com

money.cnn.com

Hawk