Fannie Mae-No Politics (FNMA)

[Pecker9Wood]

I have had thoughts like that too and ever wishful that I am wrong. That is why I own shares and hope for the best. Truth be there is a movie out about the guy that got the banks to create CDOs CDSs in the MBS market and it contributed many factors fold to the housing bust. He was a hedge fund manager and end up abandoned by the company and had to go it alone on his own. He saw how mortgage payments where failing and more getting late. He also noted that the ratio was close to causing those packaged MBSs groups to totally fail. I think everyone that saw the movie didn't understand what was happening and just thought it was an interesting story. I don't think they made a connection to the changes in investment banking through rendering the fair housing act of 1939 useless under Bill Clinton in 1999. It happen once it will happen again if they choose to ignore it, and they will as there is money to be made at the expense of the economy. Rome has arrived!