Fannie Mae Preferred S (FNMAS)

[rosen62]

Folks, watch this video. Tim Massad interview starting minute 10'. Specially minute 17'

http://video.cnbc.com/gallery/?video=3000115173&play=1

This may be the reason commons are bouncing.

"...last question. people say, jim, how could you -- it's a sweetheart interview. how could you not mention the billions of fannie mae loss. that's not your bailiwick? no, i don't manage that but let me say this about that. that's turning around also. and if you look at what fannie mae and freddie mac are doing, you know, they are improving. we're past now the worst of the housing crisis. so i think we'll see a turnaround there as well. and again, if you look at it overall in terms of all of these actions that the federal government, including the federal reserve had to take, they're likely to result in a gain or at least very, very little cost. and that's really the story."