Fannie Mae-No Politics (FNMA)

[10thMountain]

Bruce Berkowitz was interviewed a week ago, this past Friday, regarding his investments in AIG, BAC, FNMA, and FMCC.....during the discussion regarding Fannie and Freddy, he mentioned that they are currently in "discussions" with the government. Hmmmm.....does this mean a potential settlement? Who knows. But one thing is for sure....he stated that he is very committed to his investment with Fannie and Freddy, and said the "sun will eventually shine"....and..... "the market tends to disagree with me, until they finally agree".... Just pull up weekly charts of AIG, and BAC....the market "disagreed" with Berkowitz at first, with those stocks too.....but they have done nothing but go UP UP UP......He said that "Fanny and Freddy are much like AIG".....Anyway.....again......just look up AIG and BAC.....Both are stocks that Berkowitz got slammed for betting on.........