Fannie Mae-No Politics (FNMA)

[imtheshadow]

Cmdr, you are clearly very informed about FnF, so I'm curious about how you feel regarding the disconnect between the pps and the statement made by Mr. Cosi about recap in 2017. Given the size and importance of FnF, its hard to imagine that a lone wolf such as Corsi has managed to scoop the world-wide investment community. Alternatively, do you think that other very sophisticated and well connected investors are as optimistic as Mr. Corsi, but those investors placed their bets long ago - or continue to discretely accumulate and don't want to tip off the rest of the market? Or do they agree that a recap is likely, but that the terms will be very unfavorable for whatever reason (and hence the low pps)? Anyway, the disconnect between the pps and Mr. Corsi is hard to ignore. Thanks for any insight. cheers