Fannie Mae-No Politics (FNMA)

[Potty]

We are only at 2.84!!!

Not exactly a high price such that buying more at it is overly optimistic given the potential returns of $15, $23, $45...

PLUS, you focus on Delaware coming up,

OK, but if that goes bad... we have potential NWS suspension;

OK, but if that goes bad... we have potential Mnuchin administrative R&R;

OK, but if that goes bad... we have a potential trial on taking in Sweeney court;

OK, if that goes bad... we have new cases on SPSA, NWS, FHFA, and lord knows what else, being unconstitutional;

OK, if ALL of that goes bad... we have SCOTUS stacked with right wingers not keen on government over-reach, very keen on property rights and rule of laws, etc

So, no, I don't think buying at 2.84 is being overly optimistic -- sure we might get bupkus, but we have all those routes to $15, $23, ...etc