Fannie Mae-No Politics (FNMA)

[WovenO2]

Here's part of it...I'll post more later.

Upset with the way Fannie Mae and Freddie Mac bailouts were handled to also collect from the government.

Charlie Gasparino: I'm not advocating that anyone put on this trade by any stretch of imagination. Fannie and Freddie as you know are penny stocks trading something like 270 but if you look at the charts lately I've been directed to buy this by money managers who say this is going to pop in the stock and what I understand is the pop in the stock is somewhat attributed to some money managers putting on a Greenburg trade, they're snapping up shares of Fannie and Freddie basically predicting a Greenburg Victory. Greenburg is saying the government illegally came in and illegally confiscated shareholder value when it did the bail out of AIG essenchally wiping wiping out shareholder value including himself. What are the Fannie and Freddie shoulders right now...there are cases even in federal claims court where this case, the Greenburgs case is being held. What are they saying? They're saying that Fannie and Frddie after their bailouts in 2008 repaid the government and what the government right now, the government elite doing is illegally confiscating all the profits and those profits should go back to shareholders.