Fannie Mae Preferred S (FNMAS)

[bradford86]

lol $3 on common shares

would imply 30 cents per share per year in earnings attributable to them when fully capitalized

or.. simply divert enough of their earnings for long enough to make it feel that way

realistically the commons are already at $3

despite their actual intrinsic value based on fundamentals, there are people out there with millions of dollars thinking that it's all going to get reversed...

anyway ... soon enough stuff is going to start happening to fannie and freddie that is different