Fannie Mae-No Politics (FNMA)

[Louie_Louie]

He keeps claiming JPS will have to me made rich for recap purposes, that logic blew out the window with the stress tests. The reality is the GSE's are currently more than capitalized enough and ready to get out of government control, but then JPS always throw up the seniors and warrants. The truth is, and the business community knows, that government cuts their own throat and weakens the twins beyond any rescue if they try to finagle anymore stealing than what the original fraud has done already. Governments muddy paws in this prevents true growth, true investment because no one wants to be partners with them.

This whole 15 years has been seen by many in the business community and folks are watching to see if it plays out fairly. If the government decides to take as much as it can and run, no one will help or come to the aid of a GSE capitalization, investing or otherwise. Because they will know any private sector rescue can be usurped by government at any time and used for their "taxpayer" lip service baloney while they rob the places blind. They either make this right, or they make it worse. We will see.

Best of luck EVERYONE!