Fannie Mae Preferred S (FNMAS)

[skibrian]

accountants will stick to principles. if Fannie ends up violating GAAP principles under force of demarco, the accountants will not sign off on the audit/annual report.

what is being negotiated is how government wants to treat this. I think they will issue a statement that causes august 17th, or, and this is like a 5% chance, they release from conservatorship.

I think one of those two scenarios comes with the earnings release. they will be condemned in a way we can't imagine, or released.