Fannie Mae-No Politics (FNMA)

[kid biscuit]

Was plenty good enough for me. Came right out of the mouth of Washington, D.C. I'm happy with where I landed, so I guess its all good. The upside is if it does go back into private hands it will be worth at least p/e ratio 10 overnight. That being said, clearly it would be a huge cash cow. But it will have restriction agreements that wall street bank managers won't like. In my opinion, they will be tough as nails and they will be permanent. THe caveat: If it doesn't happen the trailing stop loss will look like sheer genius in hindsight. All we have to do is look at the last 7 yrs of charts to see how fast a hot potato is held onto. Cheers