Fannie Mae Preferred S (FNMAS)

[Joe Stocks]

taintedfud, I think your post should put aside the suggestion from mstech that you and I are the same person. lol!

I don't think I indicated a presidential preference and I will not get into a political argument as I despise politics being discussed on a stock trading board. With all due respect, in fact, if you posted that same message on my website it would have been deleted if it was in support of Obama or Romney. I think it is fair game to discuss what we think each administration may do in the next term, but personal attacks on either should done elsewhere.

Along those lines James Hagerty quotes Obama in his book;

"If these are public entities, then they've got to get out of the profit-making business. And if they're private entities, then we don't bail them out".

Fannie and Freddie started turning a profit. And what happened? The treasury is now taking all our profits. In effect, the US government nationalized us without nationalizing us. The point I was trying to make is that I don't think Romney as a businessman would think that is the proper course of action. I think we are in a better position to get a workout solution with an administration that has much more business experience.

I hope you don't take this as political. I am just stating what I think would happen based on what we have seen so far.