Fannie Mae Preferred S (FNMAS)

[Joe Stocks]

Does anyone think that opens the door to pay the jrs divi and then sweep TSY?

The way that Washington is thinking and from the actions they have taken that would be taking money from the taxpayers and "gifting" to the jr. preferred shareholders. Do you really think something like that is going to happen?

DeMarco said today;

"there does seem to be relatively broad agreement that the Fannie Mae and Freddie Mac model of the past posed systemic risk and ultimately failed."

later he adds;

"I have offered here two broad approaches designed to draw private capital into the market to replace Fannie Mae and Freddie Mac. "

http://www.fhfa.gov/webfiles/25170/ChicagoFedBankStructureSpeechFinal.pdf