Replies to post #5895 on Fannie Mae Preferred S (FNMAS)

[feralcomprehension]

I think there's not much we can really be sure on other than:
a) They're making money.
b) There's no obvious good solution to the 'GSE Problem' so it's gone unsolved.
and c) the political dimension is a threat. If this were based solely on business fundamentals we'd be set, but it's not. Or at least... not yet!