Fannie Mae-No Politics (FNMA)

[big-yank]

If government wins total dismissals, running the table, both GSEs will likely enter receivership in January, 2018. That's when the fun starts. Owning preferred shares with a liquidation preference is your ticket for admittance to the party. That's why all the big players except Mr. Short Harbalife own pfd... it's their HEDGE if the legal adventure peters out.

JMHO.