Just in case, though, here is a list of banks holding significant amounts of Fannie or Freddie preferred shares
From WaPo:
Some of the banks with the biggest exposure include Regions Financial, which has an estimated $200 million, M&T Bank with $161 million, and Astoria Financial Corp. with $83 million, according to Fox-Pitt Kelton, an investment bank.
Relative to the billion dollar hits some banks have been taking these numbers are small, but the thinking is that, if the preferred become problems, depositors may flee these banks in fear of what else might be under the rug.
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