Fannie Mae-No Politics (FNMA)

[jog49]

You know it has slipped out several times in the past but some of the resistance to Fannie Mae and Freddie Mac coming out of Congress is nothing more than jealousy; and by some in government who thought they could use their positions in Congress to affect the outcomes for the GSEs. Those people are dregs such as Corker, Warner, Crapo, Johnson, etc. They were/are jealous that people like Ackman, Berkowitz, Paulson, etc. were smart enough to realize value in the GSEs and invest there; all the while standing to reap enormous gains and denying the Congressmen a chance to dip their hands in the cookie jar through their normal extortion type of activities. None only would I like to see the Congressmen and members of this administration lose, I would love to see all of them get crushed.
Listen closely in the future. You might get to hear some of them let it slip out again about the hedge funds possibly making huge profits by investing in Fannie and Freddie. Then you will know the basis for those comments.