Fannie Mae-No Politics (FNMA)

[Louie_Louie]

Just add another strike to the jps investment thesis of needing to convert jps for capital. 9 billion annually fee + approx 10 billion annually profit...won't take long to hit those capital milestones during a release consent decree. JPS are seriously going to be lucky if they are even offered any par deal now. Going to be a very, very long wait for them on both par and dividends.