Fannie Mae-No Politics (FNMA)

[Donotunderstand]

Pats

ok

F and F will likely lose their GSE lower cost borrowing advantage

F and F will likely lose the ability to hold a book of PLMBS with high profit on assets

Any GOV re re re re insurance will be equivalent to all players

so F likely to make a tad less than before as more companies will be encourage to compete - and the three items above leveling the playing field

please accept that as logical

why would F go to prices never seen before on anticipated lower profits ? did F ever hit 234 --

ok - my logic - F will come private but not as a duoploty - i.e. it will earn less

price in past hit high of 80 ? --- why would it ever hit 234 today