Fannie Mae-No Politics (FNMA)

[NobodyFromNowhere]

Goldman Calls for Breakup of JP Morgan and Tide Shifts in Court of Public Opinion
Eenie meenie miney moe, who is the culprit? Obviously, we know that the financial media has become a series of school girl gossip columns. However, seeing the GS analyst report is starting to gel with the amateurish columnists. I expect a ton of media all over the breakup idea, and Liz Warren as the poster girl along with Sheila Bair, etc.

Notice absolutely zero Big Bank analysts are writing reports calling for the elimination of Fannie and Freddie. Why? Because they are both smart and because they are correct that they should not go anywhere. However, for legal reasons, they cannot write reports blaming themselves for the crisis and calling for a recap.

In the court of public opinion, very positive.