Fannie Mae-No Politics (FNMA)

[Phisherman]

Many members on both sides of the aisle own positions in FRE/FMN common shares. They have been pretty quiet about addressing the fate of common shares, for good reason, IMO. The last thing either side needs is to be accussed of a conflict of interest. One thing that sticks out in my memory when all this came about this past weekend was somebody from treasury saying that investors must be disciplined during this time. One thing I keep asking myself since monday is, "Why is this still trading?". The government makes the rules, and given this unprecedented action, as well as other unprecedented actions (ie.-temporarily banning short selling on both GSE's a few months ago) I wouldn't bet against them. The media glare is still on this. The powers that be like to make their money in dark corners with nobody watching. It will happen, these guys don't lose, IMO.