Fannie Mae-No Politics (FNMA)

[Rodney5]

Fannie and Freddie's situation the Enterprise Value is somewhat unique and the amounts are in trillion’s of dollars. Company debt is not always bad debt; there is good debt and bad debt. Fannie and Freddie's debt is backed by ‘REAL PROPERTY’ collateralized. Unlike, maybe a credit card company, no security of debt nothing tangible to back the debt. So, I view the two companies debt as somewhat ‘Negligible’... focusing on the earnings power.