Do I have this correctly. FNMA owes the government several billion. After that preferred holders ahead of common. If FNMA announces good ongoing earnings and is able to pay the government back a decent sixed piece of their bill and they are not broken up,,,isn't there a decent turnaround in store? I am in the mortgage business and business has been good and will be even better if some restrictions are lifted. Also I will say for 100% certainty the loans made over the past 4 years have been underwritten so much better that the "boom" days. What am I missing in the Fannie story?