Fannie Mae Preferred S (FNMAS)

[44centsAKAchoccake]

""Its losses on these seven certificates were caused not by any misstatements but by macroeconomic factors, most importantly the decline in housing prices," he said."

http://uk.reuters.com/article/2015/04/09/uk-banks-mortgages-trial-idUKKBN0N02A120150409

That's prettty humorous. I was taught that a prospectus had to be accurate and you could get into trouble with the law if it wasn't. But, I guess, if housing prices go down, you are ok, LOL.