Fannie Mae-No Politics (FNMA)

[jwwakley4]

Snappo,

You and myself know that this stock should not be in the penny range. In order for Fannie Mae to get back to the $40 to $60 dollar mark it will need to heal. Obviously there was bad decision making in mortgage side. Once we have got rid of the short-sales and FC's and the Govt has finished its work we will be rolling. Its like getting into a bad car accident and recovering. One week you'll be 10% better than the next 25% ect. We have to be patient. FNM will not go away because once again we have the upper hand and there is millions pumping into us every month.

Thanks