Fannie Mae Preferred S (FNMAS)

[skibrian]

beta -- definetly g-fee increases falling straight to the bottom line. any increases mandated by congress and signed by the president to fund programs are "taxes", but disguised to mislead the american public.

g-fees to cover future losses that are retained by F&F are cool with me, and if treasury wants to sweep net worth for now to be paid back, I'm cool with that too.

i just hope they don't become a piggy bank for Congress and warrants never exercised, and "off the books". The biggest argument against nationalization is that the US balance sheet will increase by trillions. I seriously do not think that will happen. but, can they effectively leave us in a quagmire with no dividends and sweep profits indefinetly? well, it seems they might. that would suck. i put a 15% to 25% chance on that scenario.