Fannie Mae-No Politics (FNMA)

[JH Mcdough]

WAtt is saying he wants fnf out of gse but he does point out that it won't happen for another 2 years now if we see that happening . A lot can happen from here to there the gse can strip fnf of all it's Capitol which will mean that they will be broke by then. And will need to recapitalize which means SH get screwd . News was good today but this is far from out if the woods . Could see newer lows before any major rude occurs don't trust these .people with they're crazy talk . That's all they do when action gets taken then we can all celebrate . Until then don't bet in this today not anything concrete by any means what so ever glta.