Fannie Mae Preferred S (FNMAS)

[skibrian]

"The overarching goal is to create something of value that could either be sold or used by policymakers as a foundational element of the mortgage market of the future," Edward DeMarco, acting director of the Federal Housing Finance Agency, told the National Association for Business Economics.

http://www.cnbc.com/id/100521665

well, this is positive...build something of value...but, still, if it results in positive equity when the JV is sold off into the private space, if the gain is swept by the new treasury agreement, we still get ZERO

I hate being the bear, but I am not seeing a lot of reason to be positive...