Fannie Mae (FNMA)

[imtheshadow]

it seems to me that realist have been bashed/ignored because there are many who were betting on a jump to 5-10 with an end of the sweep and a realistic recap/release plan ... unfortunately, those folks were following what the administration said rather than what they did ... a mistake that millions repeatedly made during the last 4 years ... now some are trying to spin this LOA as something good ... and apparently the market agrees (not) ... if scotus says its ok for a conservator to take 100% of the earnings of two of the most profitable companies in the world, then clearly we're toast ... I don't think they will do that, but I do think the odds are even or worse that we get an empty victory (e.g., prospective NWS relief only, for-cause termination ok and no direct claims) and/or a remand to the 5th circuit as skeptic has repeatedly warned ... and still can't decide if Yellen will continue the WS-Treasury directed control of our nation's finances ...