Fannie Mae-No Politics (FNMA)

[Donotunderstand]

inside IRAs (for deferral of taxes) I used to buy B or B+ debt --- WHERE a look up on YAHOO showed that company was making money -- expected to make money - and paying a dividend

if you THEN bought say 7% paper for a 10% discount - the income was more like 7.8% (70 dollars on the $900 paid for the $1000 bond). Then the bond matures - say in 5 years at 1000 and that is another 100 of profit or 2% a year --- now headed (assuming no default) to 10% per year