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The common and preferred shares of Fannie Mae and Freddie Mac are likley to have their year in 2015

The shares of FNMA now trade at about $2 and I expect these to see prices closer to $20 once the US government comes to the full realization that these companies are a necessary part of the US housing system and are not going away.

Until then they languish in conservatorship I suspect that the time to buy shares this cheap will not last long
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