Fannie Mae-No Politics (FNMA)

[Donotunderstand]

agree

and while I have no links -- I suggest that many articles about a utility see the utility as for profit but regulated.

not sure how old you are --- but in the 60-70-80-90s or so just about every utility was a monopoly on both the delivery and the commodity (e.g. the gas and the delivery of the gas)

retirees who bought those stocks - or a mutual fund of them - found that if the say 4% dividend times principal plus social and or pension was enough - THE JUST ABOUT GUARANTEED DIVIDEND INCREASE YEAR FOR YEAR AFTER YEAR kept them even with inflation !!

It was a wonderful investment

I can see a 15-20 dollar a share Fannie utility - regulated but with GOV explicit backing to reduce borrowing cost - move up slightly in price year after year and throw off a 4% dividend that would inch up consistently