Fannie Mae Preferred S (FNMAS)

[rosen62]

Gasparino

He was actually all common sense today. Whether we like it or not.

It is hard to see how Obama will make an about face and allow shareholders participate in earnings. Obama doubles down and in that respect he follows Alinsky's screenplay. Gasparino suggested reform is possible but even in that case the administration will look for ways to block us out.

So Gasparino was correct in asking Bove why buy the stock. We all have good reasons for this trade and understand the gamble side of it. But in a corner of my mind I also accept the fact that while Obama can talk himself out of many situations this one doesn't seem to be one. Specially, in light of Stegman's recent assertions.