Fannie Mae (FNMA)

[chessmaster315]

But of course.
While I agree that our government "has tested" our patience, its a question of degree.

Buffet said that the stock market "is a device" by which money is transferred from the impatient to the patient.
We need to decide, which category we are in: The patient, who get money transferred TO them, or the impatient who gets money transferred to someone else more patient than we were.

I made this mistake with Best Buy. At around $12, I bought in. (probably around 10 years ago). Then, when it went up to 16 a few months later, I took my (measley) profits.
I did the same with Facebook, GE and a few others.
I certainly wish the stock market would adhere to my schedule, but it does not work that way. Instead, its like a bank, we have to go to the bank "in bankers hours" not our own.

I think the key here is understanding that, FNMA and FMCC are speculative because they are in conservatorship, even if that cship is mostly a government fraud. We have to unwind it, legally, and for those patient enough to endure, they will be rewarded.