Wednesday, June 23, 2010 9:42:56 AM
They are 242 billion dollars in the hole.
No answer the important questions.
Why should this stock ever trade at .90 again ?
Do I think Fannnie Mae will go BK ?
NO!
Do I think it should be disassembled?
ABSOLUTELY!
Do you like the idea that they are handed as much money as they lose every quarter?
As long as Congress keeps handing them money do you think they will ever not have a quarter with a loss ?
The negative Equity is $94.
That means the stock is fundamenatly worth -$94. not $.94
You just want to make up imaginary equity.
You must be one of the appraisers or mortgage brokers that caused this.
And yes,I have evidence that is also what has happened to the mortgage market.
And now they are lining these companies with new garbage mortgages.
So what do you get for you .94 per share.
Bragging rights you are part of Fannie Mae?
Not something to brag about.
Gonna make a difference !
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