Fannie Mae-No Politics (FNMA)

[TheMotivatedTrader]

Watts knows the deal, man. He is aware of what is in place. He was struggling a bit not to reveal too much. You can see it in his face.

Things are happening but he has to hold his tongue until the right time. FnF are being worked out of conservatorship. He just can't confirm it right now. Take the mention of big changes in December and the first Q of 2015 as a strong clue that resolution in progress. He can't say no more.