Fannie Mae-No Politics (FNMA)

[Long Run Fun]

Now that JP Morgan has announced it is advising FNMA I wonder if they are going to start acquiring large blocks of stock.

Since it is now public knowledge they could tell their traders to start purchasing in order to aquire a large a percentage at a low average, knowing that its easier to raise capital for the reserve requirements if the stock price is much higher.

I just hope that if they do start aquiring that they don't try to manipulate the stock while doing so i.e. selling a few hundred shares back and forth to their partner traders at lower prices to drive the price down, then buying large blocks at that lower price.

The stock has started trading in an interesting pattern that raises some flags.

I would just hope that traders know that manipulating a stock in this manner is illegal and could result in shareholder lawsuits.