Fannie Mae Preferred S (FNMAS)

[rosen62]

My interpretation of what he said -together with his past discourse- was more a critic to the government than anything else. In other words, he is still carrying the flag of "make them smaller" and once they are no longer a threat, restructure and privatize. The ole' AIG solution that *could* favor us.

Perhaps he is still pushing for an exit strategy that involves conversion of Srs (no redemption), exercising warrants and then selling chunks of common in the public market. But I am not too smart and may be missing something.