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littlefish

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littlefish

Re: researcher59 post# 8537

Friday, 05/24/2013 1:36:53 PM

Friday, May 24, 2013 1:36:53 PM

Post# of 10861
FNMA 10 bagger now so sold another 1K.

LOL this headline should read "Taxpayers are taking potential profits away from mortgage lenders..."

http://finance.yahoo.com/news/fannie-maes-recent-success-concerns-111204168.html

I guess that's a big concern since the lenders were a big part of the $%#@ mess to begin with... The lenders made bank while FNMA and FMCC (taxpayers indirectly) took on the backstop risks foolishly during the whole 0% down etc mortgage boom fiasco that went bust.

Protect those lenders first, second, and third then worry about stuff like taxpayers and shareholders...

Sheesh. Anyway...

I don't mind stealing bread from the mouths of decadence... But I can't feed on the powerless when my cup's already overfilled.
-Temple of the Dog

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