Fannie Mae Preferred S (FNMAS)

[Letgoofmyfannie]

John Delaney: Corporate Raider

http://www.thestreet.com/story/12622392/1/rep-john-delaney-defends-fannie-and-freddie-profit-sweep.html?puc=yahoo&cm_ven=YAHOO

"People keep talking about the hundred eighty seven billion dollars that's kind of been paid back but they're ignoring the fact that the government explicitly guaranteed four trillion dollars of liability which is without question the largest guarantee of debt that was ever done in the history of the world. So I think if you were to value what that guarantee is it's staggering particularly at that moment in time. So whatever the government negotiated seems reasonable to me."


"Whatever"

"seems ok"