Fannie Mae Preferred S (FNMAS)

[big-yank]

The biggest case can be made for asset quality, leadership in the common securitization platform and orientation favoring thrift and S&L small town banks vs. TBTF monoliths.

Way lower cost to reserve against future asset risk. Better assets. The "borrowed less/paid back more" numbers are indisputable.

Fannie and Freddie do not deserve to be treated the same. They, in actuality, are competitors.