Replies to post #13542 on Fannie Mae Preferred S (FNMAS)

[5bagger]

JoeSchlecta absolutely r-ship off the table

And, has been since 3rd profit sweep was created!

There was never a way to be insolvent then... because they said any losses would be covered. Nice of them.

They did not ever put in place a loosening of the vice-grip, though. Yes, it is a conundrum. It was set up to spin and spin and spin.

The two options for Mel Watt are still. C-ship release or R-ship, though.

Reducing loan limits - TBD after industry comments, on or after 10/1/14 by DeMarco on the way out the door.

"Reduce limits, class. Discussion" LOL.

Note that Bloomberg and Reuters put their spin on that one.

There will be something that happens, and until it does, I can't see one thing on the radar which could hurt us. Co-op maybe. Maxine Waters could gift-wrap the FnF business to the banks, but if SHE PUTS IT UP FOR BIDS then there will be counter offers.

That will be when the fun starts.

IMO, Fairholme was absolutely BRILLIANT for taking that plan off the table... it still might happen, but we know Ackman and Berkowitz will counter!