Fannie Mae-No Politics (FNMA)

[geotrade]

yank, your arguments seem to be primarily ideological. some deep seeded disgust regarding hedge funds capitalizing on a unique situation for profit. like it or not that is capitalism. right or wrong it is the system in which we live. the reality though is that fannie mae raised billions and billions from private investors through a preferred offering just prior to the takeover. at the time those in the government were speaking out regarding the stability of the gse's. a few months later the companies are apparently worthless. then 3 years later they are generating record profits? quite frankly it is bs, and the details should be subject to public and judicial scrutiny.

the securities are entitled to the protection of the laws. whether you like the system or not, it IS the system. the government cannot arbitrarily change the rules to suit itself for a profit. they are profittig on this situation from every angle, and that profit does not come from the wealthy. rich hedge funds types were warned by paulson beforehand...