Fannie Mae Preferred S (FNMAS)

[skibrian]

devil

don't have time to back everything up, but for what it's worth, the quick take of what I believed about F&F:

Romney, spin them back out into the private market ala Millstein
Obama, nationalize, or keep them in forever holding pattern
Harry Reid, keep them in some form, but make sure to raise quota for low income borrowers
Bachus: KILL THEM KILL THEM KILL THEM!

so, romney bachus together, not the best set of outcomes either. As long as Obama avoids outright nationalization, then all will work out ok. we shall see....