Fannie Mae-No Politics (FNMA)

[big-yank]

Sorry you disliked my post about Elizabeth Warren... your right to do so. I was only responding to an earlier post from mike_usa where he asked me for my opinion on what was going on.

Many investors believe that big banks are the secret architects and potential beneficiaries of a winding up of the GSEs. There obviously has been tremendous discussion of privatizing Fannie & Freddie,so it is not far-fetched to conclude that Warren's comments that specifically dealt with this same economic "machine" as the cause of the 2008 crisis could move a market hungry for release and recapitalization news. Much of her commentary concerned the impropriety of no one seeking criminal prosecutions and jail time for huge misdeeds in the mortgage finance industry. This focus, layered on top of her earlier crusade to repeal Glass-Steagall to break up big bank enterprises, is actually big news to those of us that follow events inside the beltway.

I am actually not a fan of Elizabeth Warren. But I do recognize her political animus in a role perhaps best described as being the anti-Corker.

However, I am sorry that my post somehow offended you. As always, it was just my humble opinion.