Fannie Mae Preferred S (FNMAS)

[KylieM]

Unbelievable the government states that they went for the sweep because they weren't sure Fannie and Freddie could pay 10% in dividends. More than anyone, they must have known what was coming (reversal of loss reserves, DTAs activation, recoveries, etc.). Heck, Bronte Capital, Gator and many others knew it years ahead!

It's comical I don't know whether to laugh or to cry.

It's like I do a mortgage with a bank and then it forecloses my house because it thinks that I will not be able to pay monthly instalments.