Fannie Mae Preferred S (FNMAS)

[NobodyFromNowhere]

You need a catalyst to make anything change. Unfortunately, the only catalyst that I can think of is a market crash in housing prices when interest rates rise. That situation would look bad on the companies again, and everybody could blame it on them all over again. Also, FHFA could come in again and give them huge credit write downs again.

Why would anything change while housing prices are going up, and the government is minting $5 billion a quarter off the companies?

You know it's like when you have a wife or girlfriend that loves you while you have a high paying job and she's living the good soccer mom life. Then you lose your job, and she runs around town telling everyone that you're a loser and an asshole drunk that can't even get a job. Then she gets her lawyer and friends to go after you for every dollar you have.

As long at the companies print money, nothing changes, and America is happy. It's just you are the unhappy husband that's working your ass off hoping to get sex maybe once a month if you're lucky.

It's just hard to find a situation where shareholders win here.

That's my cynical story for the day. Sorry if I offend.