Fannie Mae Preferred S (FNMAS)

[44centsAKAchoccake]

[Does the g-fee for the 2 month payroll deduction make Killing of the GSE any harder?]

I think the answer has to be yes. FnF will be collecting these revenues for 10 years, roughly $.5 m per year for 10 years, in order to fund the payroll tax reduction.