Fannie Mae Preferred S (FNMAS)

[5bagger]

My interpretation, since he used quotes around "ripe" is that Mr. Epstein has seen the response (remember, he is consulting the lawfirm(s) and must be privy to one of the 10 cases that are listed as possibly 'stayed' - or, has his finger on what is flowing in the courts).

The government could be saying that things are still in 'flux' and there are too many moving parts to get a snapshot.

I do not think it has to do with the DTA, specifically, but just that the transaction - whatever that means - is still a WIP.

Epstein, and all of us, do want them to not have more time. It seems to be part of Mr. DeMarco's plan to wind-them-down, and he could sell assets before their time (i.e. not ripe for us).

Did anyone catch the large increase in the STACR bonds to 117% of par? Well, they priced too low for what they were worth. Mispricing on the low-end looks like a gift to someone... not us, though.