Fannie Mae-No Politics (FNMA)

[Dollars1]

It is a non-event in the sense that c/w bill, j/c markup is a discombobulated mess. This stock does not like uncertainty even with confusing, weak proposed legislation. So there is always the possibility that mm's, shorters will prey on that. The fundamentals are still good, so you have to make a decision on where you stand and how you will ride through these white caps. To me it seems like white caps, not white water rafting. :)