Fannie Mae Preferred S (FNMAS)

[big-yank]

No. Fox Business was off. If you have a problem with that, feel free to take it up with Steve Goldstein who made the report about Fannie's release on Fox, or with Ed Groshans of Height Securities who made the call on Fannie Mae that Goldstein cited in his coverage.

Earnings were weak. Bad trend. And, once again, all derivative hedging based. The fundamental business has foundered since 2013. That's why the S/P remains in the toilet.