Fannie Mae-No Politics (FNMA)

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No doubt. I can't say what the fate of FnF will eventually be, but I can confidently say that the government will always have a role in the US housing market. Housing cannot exist efficiently without it. Too many times private capital has either folded in the face of an economic disaster or the private money just isn't to be found in enough volume to sustain the industry.

A few nickels up or down in either direction doesn't matter much. I still think we run on Q2 earnings. If you're worried about losing your position then flip this thing on volatility. If you're a betting man, hang on until August. In any event, play with what you can afford to lose. IMHO...