Neither. Congress will use Apple(Cook) to help reform the tax code. Congress created this tax code mess. They need to fix their own mess!
Cook has the best ideas to change the tax code. Lower the Corporate rate and provide incentives to bring the money home so it can be invested in the US. Good for the economy and good for jobs.Where is Obama's man Jeff Inmelt on this issue?
Negative market reaction to Obama appointment Mel Matt to oversee Fannie/Freddie. Watt to push for reduction in mortgage principal for properties under water. Viewed as negative for mortgage Reits.
Going lower due to Obama's choice of Mel Watt to oversee Fannie/Freddie. Watt will push for reducing mortgage principal of troubled mortgages. This will be bad for NLY.