Fannie Mae-No Politics (FNMA)

[jeddiemack]

J

Remember its not a race but a journey.

Be wise along the way, love and live.

FandF should provide a good start. The metrics are there and there is amble reason to believe that fair value will return. It really depends upon how GREEDY the us government is and whether they still support the tbtf banks in trying to corner the retail mortgage market by kicking all the community banks to the curb and force small town usa to borrow albeit through money center banks because they'll have cut off the small town lender and their ability to access affordable capital to sell their loans to.

You see, it was the fact that TBTF banks needed more market share that caused them to create the facade of a spiral; which needed liquidity and forced their bad loans on fannie and freddie and saved their bacon as they crushed the community banks and their investments in "preferred" stock that made up the core capital of small town, usa banks.

Nifty move. But it didnt work.