Fannie Mae-No Politics (FNMA)

[Potty]

I may well also be buying JPS next week, I think this commons is too risky unless it goes under a $1

I think admin action is dead and so this really all comes down to SCOUS decision later in the spring -- but that is a crap-shoot like all legal rulings especially with Federal judges..

When high yield JPS issues get to 20% of par, then I will start thinking about buying. (The lower yielding and higher face value issues already hit 20 of par, FNMAS an FMCKI will hit it this week)

I will only be buying a gambling stake, since who knows what SCOTUS does - never forget the ruse in the AIG "victory"... The Federal judges allowed Hank Greenberg a "win" but he got nothing