Fannie Mae-No Politics (FNMA)

[Sogo]

You and I agree, but institutional money is so huge it might not agree. It might simply put that small chance of a 100% loss into their models and be fine with it. Even a 100% loss on an institution's GSE replacement stock would be a drop in the ocean for them. Plus, they have lobbying money to be able to influence gvt to not screw them. Sure the gvt might be able to screw today's common shareholders, who have zero lobbying power. But institutional money would have lobbying influence to make sure they don't get screwed.