Fannie Mae Preferred S (FNMAS)

[rosen62]

I think that there is more to Watt than the "tip of the iceberg" you are reading into it.

Underneath, he will clean the books of the banks holding second liens. Which will enable the "great start". That is, jump-starting the lending cycle again. Which means a move from refi to 1st home purchases. Which means good, solid business for Fannie and Freddie and a great outcome for the economy. If so, it is difficult to see how these two will be wound down in 5 years. The tip of the iceberg we see might only be his public persona.