Fannie Mae Preferred S (FNMAS)

[jwnoble3]

This writer has some good insight and good dissection. Suspect he is long GSEs (no confirmation).

http://www.lawrencegmcdonald.com/housing-market-fannie-mae


I am here for the financial gain that most importantly happens to support the systemic recovery of the American economy. We need to leverage our reserve currency status while every other developed economy is struggling. GSEs are part of that conduit. This is so logical, but I fear our congress has been trained on methods to bend logic (kid who wants to be hs/middle sch class prez, so they promise free desserts every day at lunch).

still holding
best jw