Fannie Mae-No Politics (FNMA)

[imtheshadow]

Well, you definitely have endless judicial delays, political corruption, the warrants, the NWS, soon to be depleted capital and the anti-injunction clause (with many confirming decisions) on your side. So what, is that all you got?!?! Can anyone say lame-o?

But seriously, obviously the market agrees with you, otherwise, how could two of the largest and most profitable companies in the world be trading at near penny stock prices. BUT, us longs are not without some hope, however slight. We still have possibilities like Judge Steele in Delaware, the remand to Lamberth for breach of contract, Pagliara's inspection of the books and, the true wild card, 11,000 discovery docs. But admittedly, its the 4th quarter, many of our key players have fouled out, we're way behind, our own coach works for the other team and the refs blow the whistle on everything little thing we do while we're being hacked to death by the other side.

So, yes, you may be right and us longs may go home penniless. But be careful of being smug and what you wish for because the same system that robbed 2 companies with trillions in valuable assets in broad daylight "may" (but not shall) do the same thing to you some day. Can't happen, you say? Well, we SHALL see ...