Fannie Mae (FNMA)

[skeptic7]

I'm not sure that the knowledge of the average person regarding the function or even, as you suggest, the existence of FNMA (and FMCC for that matter) have anything to do with why it's a sub-$2.00 stock. The list is long why it has been where it has been, but IMHO the biggest reasons are:
Conservatorship not going away
NWS validated by highest court in the land
Too much precedence after 15 years of losses in courtrooms to expect relief from courts
Media blackout on what's actually happening and has happened
Congressional blackout on what's actually happening and has happened

and so on and so on.