I got an email from a Journalist asking why Fannie Mae (FNM) was trading at 71 cents (soon to be zero), while Freddie mac was trading at 80 cents (soon to be zero).
"The management at Freddie is vastly superior to that of Fannie . . . also, from what I understand, the accounting standards at FRE are far more rigorous than those used by FNM."
<Sarcasm mode off>