Fannie Mae-No Politics (FNMA)

[imtheshadow]

My point is that hubris creates most of the true, non-natural disasters in life. That certainly applies to the 2008 financial crisis, putting FnF needlessly into cship, imposing unjustified and punitive cship terms, instituting the NWS, hiding 11,000 docs, etc. etc. etc. But it ALSO applies equally to those who paint the fate of FnF as exclusively positive or negative - and berate those who disagree. Since we are neither at $0 or $30, the market tells us that there is a chance this could go either way, with a decided bias towards the low end. As a 50K shs pre-cship long, and a US citizen, that is extremely discouraging to say the least, but the pps is an indisputable fact. So beware of those who claim this is a done deal either way, as for sure they are the epitome of hubris.