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To: burgermeister who wrote (151329)	2/14/2002 8:16:27 PM
From: patron_anejo_por_favor	Read Replies (2) \| Respond to of 436258

Yeah, the FNM sale was duly noted by this thread, as well as a lot of prominent bears...FNM is an accident waiting to happen, and the only ones who don't know it yet are most MuFu managers, the Fed and the financial media (in the US only, the FT has published several bearish takes on the GSE's). EDIT: Oh yeah, and J3P! disclosure: Long FNM puts (Leaps).