Fannie Mae-No Politics (FNMA)

[er111a]

***DO NOT SELL-HISTORY REPEATS ITSELF***
"New Agency Proposed to Oversee Freddie Mac and Fannie Mae
By STEPHEN LABATON
Published: September 11, 2003
The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago."
If anyone will recall Bush tried to do the same thing to this company when he had the SUPPORT of the republicans in office and it FAILED. 10 years later and a different president later the same is trying to occur. Now some facts after that 2003 news report was released.
1) it was NATIONAL news, everyone was talking and was sure this company was done for sure. But what did the share prices do? well following the news they exploded! it was a almost daily increase for a whole month.