Fannie Mae Preferred S (FNMAS)

[taintedfud]

cut and run.

i think we are close to a negative risk-reward stage, if this holds up for another two weeks(i go on vacation) i will dump most of my holdings in fnf. e.g. cut and run.

the boys that want to buy fnf are going to need a lot more than a few billion. they probably will haveto pay off jr pfds, and raise close to 5%(at least 3%) in reserves. 5% of 5000BILLION. if i get my decimals right, that is 150 to 250 Billion.