Fannie Mae-No Politics (FNMA)

[Dollars1]

They went over the point that they said it was a trade, and still advised $3 stock, OTC etc. Then he said that as he covered it, he didn't realize that there were the powers behind the scene of Elizabeth Warren and Housing Trust Fund interests, and Ackman just saying it's the best, most interesting trade in capital markets. They revised their subtitles to say Ackman's comments, Housing Trust issue and Gasparino's coverage may have all had something to do with this last week's pop. Instead of just Gasparino's coverage. :) He repeated that all net profits are going to Treasury, and you have the voices being raised from Housing Trust fund that says it should be funded, and from Ackman saying profits should be returned to the companies and shareholders. He said basically, that he was fascinated that there is so much more going on than he covered, and that he got nailed on Twitter for it. :)