Fannie Mae-No Politics (FNMA)

[investor G]

misinformation by people like bill miller are what creates this opportunity.

he throws out an assumption that is completely ridiculous -- a 10pct capital buffer, which is hundreds and hundreds of billions of dollars and will never happen, and then says if that's the case, the stock is worth virtually nothing. the average wall streeter will hear that soundbite and quickly move on (or short).

that said, tomorrow's an important day, best of luck everyone. remember, in the hearing, he's trying to get confirmed, not pump up the GSE securities prices.