I am monster deep into the following. It has been amazing watching all the $25 and $50 par preferred shares creep up to 50% par value and now go past. While FNMA and FMCC pop on good news then slowly drip, these other stocks have been holding ground and gaining. Looking forward to a positive en banc ruling, the Treasury plan, and final action. At this point, my stop loss is 50% of current pps and I'm going to hold this long. Once in a generation opportunity. If they (FHFA/Treasury/Trump) make the wrong choice and wipe out current shareholders, there will be millions of crazy boomers with huge portfolios to hire attorneys and clog up the courts with lawsuits. Hopefully the 5th Circuit Court of Appeals will end the NWS and give the current administration an excuse to recap and release "because the courts mandated it!". Very exciting to watch. Someone could make a great movie about this.