Fannie Mae-No Politics (FNMA)

[Bodach]

Yes; to a point. It takes off when the market starts realizing that the policy will change -- not after the policy change happens. The market thinks ahead. Right now, we only have subtle indications and legal theory based on this new turn of profitability and DTA potential. It's my opinion that some whales foresee this. That's why the dollar mark is so important. Various institutional limitations are lifted. I believe the PPS will spring forward after that dollar mark. For accumulation purposes, it's kept at a buffer away from that mark (my novice opinion).

People get frustrated, and shares are accumulated by the forces that be after sideways short pressure. Nothing new.

Just my opinion of things.

Can't use them as a cash cow, or won't continue to? Because they certainly already have been... That's why it's imperative that the policy changes. It's only until then that this thing will take off...IMO