Fannie Mae Preferred S (FNMAS)

[44centsAKAchoccake]

I think that may be an argument for waiting 'til the 10K to release the DTA valuation allowance. If not, the new CEO would need to immediately raise $30b to finance the cash dividend to Tsy.

On the other hand, maybe this has already been worked out and they'll announce it in the 3rd Q 10Q, who knows.