Fannie Mae-No Politics (FNMA)

[Commons_Cancelled]

Steady rotation from Commons to Preferreds today. Probably on the news that Collins case yesterday was a disaster (Government clearly won oral arguments). With Sweeney ready to pound the dagger into the heart of Berkowitz, I'd say Receivership appears to be looking more and more likely.

Are there any Court cases that will save just the Common shares? Otherwise, it looks like everyone is about to lose.

At least the Government won't get to exercise their Warrants after all. Everyone gets wiped out!

Not a recco