Fannie Mae-No Politics (FNMA)

[10bambam]

Big Yank I don't like to hear negative information but I can appreciate it. Unfortunately you post negative opinions based off of no factual information.

" Something like 60% " This tells me that you have not fact checked your own statements. " foreclosures are rampant" subjective. " Bankruptcies are rampant" Irrelevant, you don't specify what sector and is also subjective.

" The housing market, housing sales and housing construction came to an abrupt halt". These are not even misleading statements. They are lies. You are a liar. I will apologize if you can point to one month with a link or some other facts that can verify your statement.

"Fannie and Freddie would have collapsed under the weight of a sub-prime default if Uncle hadn't stepped in and bailed them out". Completely misleading and irrelevant since The U.S. government created the mess along with banks and then the government was forced to do what it was supposed to do because that was their responsibility because they backed the paper that they forced FnF to insure.

" The s/p of FNMA and FMCC stock was sub-$1 when the housing bubble burst. You did not give a date that the housing bubble burst. The fact is that the burst did not happen suddenly it was not a burst at all. It is impossible to tack a share price to an event that took time.

The share price today is based on the fact that people have recognized after time that it was all slight of hand. I will not go into what the government did because I type slow and frequently must back space and retype. Plenty of intelligent people on this board have identified things that will restore these stocks to the share holders and those are the reasons for speculation. In a nut shell they all boil down to justice. Investors may be wrong in the long run but I hope not as you should also hope not because if investors are wrong and there is no justice in this high profile saga unfortunately this country in my opinion is doomed.