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I looked at each of the Freddie preferred they look like most people have capitulated in each of them. My understanding is the preferred will get repaid first once the government releaseas the converatorship. But this is an educated guess. I bougght a few more of FRE at .40 with the cash I had. I possibly will buy more this week as a long term hold. I don't really think the gov wants this to go bust.
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