Fannie Mae-No Politics (FNMA)

[bradford86]

$30M jps par would be pretty good. I wish I could secure that kind of bag. Unfortunately at this point I just do not really see a reasonable path of achieving that outcome unless the price of the jps dumps significantly for an extended period of time. Like > -75% from here for > 1 year.

I expect things to start brightening up from here. the lamberth litigation could be worth something which would put a floor in the prices for jps (fnma common are excluded from this litigation).

then, jared bernstein just got sworn in yesterday as director of the cea.