Fannie Mae Preferred S (FNMAS)

[big-yank]

Blah, blah... all hedge funds go to market on the basis of their previous results. Who would pony up HUGE management fees with all those covenants and minimum purchase qualifications (like $100K minimum investment) without some genuine performance by the fund manager? The correct answer is NOBODY.

Pershing Square has been a disaster in 2015. It will be looted in 2016 unless it produces some big gainers to offset its huge 2015 losses. Fannie is on the meatwagon. Face facts. It is likely to get sacrificed like a lamb on the altar of bloodied discards.

Sorry. JMHO. Herbalife, anyone? Bwahahaha.