Fannie Mae-No Politics (FNMA)

[imtheshadow]

anyone interested in investing in FnF has 4 simplistic choices (excluding options and more exotic WS stuff):

1 buy common or pref now
2 buy new common (or pref?) at recap stage
3 some combination of the first two
4 do nothing

given the stagnation of pps, I wonder how many are waiting for #2. and why would they do that? oh, maybe they have insider info that suggests #2 will be a lot better than #1. don't believe insider info is leaking to big money? just goggle eton parks - and that's just the stuff we know about ... opponents of this theory will say its doesn't have to be a zero sum game where new $ benefits at expense of old $ ... of course, they're right ... WS is well known for their eleemosynary, egalitarian, equality-based propensities ... just ask folks why road kill is the viagra of WS ...