Fannie Mae-No Politics (FNMA)

[biznipianjr]

you have to look at both sides here. joe shmucko decides to buy a home. no one holds a gun to his head he decided to buy a crap levitt house for 499k. he signs and accepts the price and agrees to pay the loan however absurd. he makes a desicon to buy the house at some wild price. i mean i paid ten grand for a beanie baby names humprey which is now worth about a hunred buks. hey i really did. so now the market falls apart and joe says hey i dont want to pay for my underwater home that the bank loaned me money to buy. he wants to walk away. hey i mean if you buy you sign you agree you are the owner you have to pay what you agreed or it gets taken back by the lein holder. all aside thats the deal beanie baby or real estage. if you bought some crap and it does not work out you still hve teh moral and legal obligatoin to pay oyour debt if you cant pay well whose fault is that. in the end this is a neat chapter in a wild sage. one day the sun will burn out and the earth will get sucked into the black whole. but untll then man is man. sit back in five years maybe ten this will play out win lose or draw i got lots of this turd and i will get a laff either way. its a gamble. the banks suck the fannie guys suck and the whole thing sucks. but its the best we got. if you look at a investor list of who owns fannie you would be shocked at hom many shares some real wild dudes own. i mean go to a meeting sometime and you will see some real wild dudes. real wild. bow down and hail the fannie.

biz hall of fame

oxford chrysler public service of just about anyone with a nuke that went bad spongetech and bllb which was bad news and just a loss and lets not forget wnbd what a shame.

fnma is a great speculaton and i think it will wind up at a few bucks. buy it hold it and bet on americas future.