Fannie Mae-No Politics (FNMA)

[big-yank]

The simple answer is that my investment dreams are a whole lot more conservative than most. Read my exchanges with brandemarcus over on the FNMAS board if you want detail.

I have said all along that I expect Amendment 3 to be pared back or repealed by the court, or replaced with a new Amendment 4 by government of their own volition. As earnings have declined on a comp, quarter-on-quarter basis, a return to arrangements prior to it (the 10% SPD era) could force the same receivership outcome and could be unchallengable under HERA's judicial review limitations because the law requires such specific action to liquidate.

JMHO.