Fannie Mae-No Politics (FNMA)

[Potty]

The pref holders are way too confident imho

There is a correction coming and maybe it arrives in the Fall along with the recession - big risk conditions may not be right for admin action

On court side, Treasury looks like it wants to exhaust its court options - and who knows how SCOTUS rules?

I think risks are higher here than pref prices reflect and I think prices come down once it is clear Trump will lose and the senate too... and bad economic numbers start weighing...

Not sure I want back in here