Fannie Mae-No Politics (FNMA)

[bcde]

"Someone just dropped a LOAD of cash on FNMFO. 140 shares at $39,650. Guess someone does not believe all the B/S about the perfs."


JPS have good value up to certain limits.

But do not bet on cheap common shares. Wall street bondholder play the game of "wipe out CS holders" with distressed companies.

But FnF are no ordinary companies and not in financial distress. FnF are Gov's policy instruments and Gov is not going to allow wallstreet traders to play their usual games with FnF.