Freddie Mac-No Politics (FMCC)

[Sogo]

Im actually not short. But I am healthily skeptical and I am continuously reassessing how deeply i want to be in it, and how much of my shares i want to flip versus hold, etc. I'll definitely keep a portion that i can afford to lose in fnma long, in case the pps ever reaches anything close to what some think it could. In the meantime I really have zero faith that the politicians will do right by the shareholders, and only the barest of minimum faith that our legal system would end up saving and enforcing common shareholders' property rights, etc. But if the fundamentals win out, and for some reason the politicians decide it will benefit them more if they do the right thing with the GSEs, and if somehow the courts decide correctly, then it will have been good to be holding some fnma when that happens.