Fannie Mae-No Politics (FNMA)

[Potty]

I am still waiting to buy into JPS, I have no cash or margin left... so...

But I do like the price now

Michael Kao is right on the JPS to common pricing mismatch, either JPS is going up a lot or common is going to implode - I think the latter when they exercise the warrants AND do a massive common raise (PLUS convert the JPS to common -- ye, I still believe that is the way...)