Fannie Mae-No Politics (FNMA)

[big-yank]

No, not slaughtered, but rebalanced against FnF. The street read is that this is going to receivership. That won't be until early 2018. Liquidation process will take 1 to 1.5 years more before any liquidation preference payout. That's a long time to hold shares before the first payday. Whales own the pfd shares, Ackman and retail investors own common shares. The latter are always the ones left at the altar. As for Ackman... bet he bails before commons go to 50 cents unless Perry Appeal surprises. The other pending cases are now too bogged down to matter before the $$$ runs out.

JMHO.