Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

The CEOs in the conference calls this morning were ALL ABOUT how the twins will appease their government overlord, with a new focus on affordable housing and filling in the societal gap on minority homeownership under cover of "responsible lending". Nice touch that the ceo's aren't EVEN ALLOWED TO ANSWER ANY QUESTIONS FROM THE MEDIA!

Let's just hope they don't repeat the GFC by creating ill prepared borrowers with zero to nothing down whom will end up being a servicers nightmare and will exercise their option to mail in the keys or force the lender to evict once the inevitable downturn in housing takes place...

Here's a depressing fact for us shareholders, the twins just had net income of $7.8B, have 1.8B shares outstanding for net income of $4.33/share AND NOT A DIME GOES TO THE BENEFIT OF THE SHAREHOLDER OWNERS!

AMERIKA! MY KINDA COUNTRY !