Fannie Mae Preferred S (FNMAS)

[Ace_of_Wands]

Your inference may be a skosh off. 2 possibilities, first being that the P.T.B. know the end game, but necessarily need to keep mum. Why is assumed qed.

2nd possibility is they don't know, [and corollary is they think they know, until] they find out in a big way.

Either way, they are required to obfuscate. It just comes with the territory.

You're focussed on interpreting "official behavior", as opposed to recognizing big picture evidence.

as Mbers was first to point out, our interests are aligned with the path of least resistance. They can fight it, and bite their nose to spite their own face, a la sequester, but they can't beat it without seriously breaking something.