Freddie Mac-No Politics (FMCC)

[aharfo56]

Wow, good article...well, informative is more like it...it's not GOOD for investors...

Here's part of it:

One reason that Fannie and Freddie will never return to their earlier forms is simple mathematics: to become independent, Fannie Mae and Freddie Mac must repay the taxpayer dollars invested in the companies, plus interest. Even if the firms achieve profitability, it could take them as long as 100 years — or longer — to pay back the government. And almost no one expects the companies to return to profitability anytime soon.

100 years? Man....hope you're in it for the long haul, and that genetic research allows us to live to be 300 and look like we're 40! I'm just playing the bounce today and maybe tomorrow. There was also a huge dip from $5 a share to .27 a share when the government intervened, but the subsequent spike went up to $2.95 and many people made the best trade of the year at that point...