Replies to post #4997 on Fannie Mae Preferred S (FNMAS)

[HUDDUH]

I wonder if the price could be something really stupid tomorrow. 25% of face? $5 for $25s and $10 for $50s?

Sorry, but "stupid" is best defined as accepting $25 for a $100 bill. I'm not a trader, and I'm being honest; my preferreds (20% allotment) will either win or lose. I will not accept a middle-ground, because the circumstances are in our favor.

To the Treasury goes my middle finger. What are you going to do now that we're $5t in size and profitable? Just take it? LMAO

[44centsAKAchoccake]

We are going up very big tomorrow, Fannie especially. I am very happy. I was right about August 17th--I said (among other things) that the sweep really changes the politics about recording the DTAs. It could happen soon.