Article By:
Bruce Krasting
Wednesday, March 26, 2014 6:07 AM EDT
By pure luck I sold the Fannie T before 3/11 (The day that the Senate voted for an unwind of Fannie and Freddie, AKA The SHTF Day). At $13+ FNMAT was trading at 65% of original par – that’s a rich price for busted pref.