Fannie Mae-No Politics (FNMA)

[big-yank]

Yes, I recall Berkowitz discussing a settlement in one of his updates to investors. What I am talking about was the blogosphere/Twitterverse content that a settlement was about to be released in the short term that spiked the S/P up to the $3 area and drove many Fannie fans into a frenzy of celebration. Then the whole thing collapsed.

It is my further recollection that the timhoward717 site, not Glen Bradford, was the culprit, that time around.

I guess we will know by around today's market close if yesterday's rumors became today's actual news. Or not.

JMHO.