Fannie Mae-No Politics (FNMA)

[jeddiemack]

Sobering reality is we wait.

While I'd love to see fair value; my personal numbers have not calculated such in over two years. I also have enough shares that anything above $10 would be very welcome; but losing it all would be far less of an amount as the recent general market sell off; so, I really look at this as either a win or a lose proposition. Only time will tell; and I too am growing fed up with the wait for what truly should have been an easy fix.

Problem was there likely were many that would have taken the fix but many others that had political motives / business reasons to try and kill these two; which won't likely occur because the value the provide should be bland (ie. for everyone of every walk of life).

My honest hope is by the end of 2019 we'll know more what is likely to occur. I don't mind holding these pending resolution if the future is positive while it plays out; but the internment they've seem to be given (the cold shoulder if you will) is nasty.

The narrative of "evil" hedgefunds making a bet and being handsomely rewarded needs to change. People need to understand that it wasn't the hedgefunds that provided the opportunity it was the government and its evil intentions; it was the hedgefunds that rescued the abandoned kittens and puppies (fannie and freddie) and saved them. And, underneath all that are people. People like you and me that trusted the government; believed in them and invested their own money. If the government didn't want that they should have stopped them from trading 10+ years ago instead of manipulating the market by 1. creating those "warrants" 2. placing a 10% interest rate and 3. by masterminding that evil sweep. All of these were done to punish the entities and kill them; yet they survived. Don't blame the people that saved them when you tried to kill them. The investors are the good people they are the ones that kept them around to help people get affordable loans to buy their American Dreams.