Fannie Mae-No Politics (FNMA)

[Steel Penny]

Hey, Doc.

The banks certainly deserve part of the blame. Maybe the biggest part. On the other hand, there were plenty of liars in the mix. Borrowers. Brokers. Loan insurers. Appraisers. Congress (both Parties). And even the rest of us who tried to believe that the real estate market was exempt from reality.

We who are investing in FNMA/FMCC are probably taking a lot of our time to do DD. Most of us are trying to tell others what we know so they can make informed decisions - and not seeking any payment. We're just trying to help more folks grab a piece of the pie.

I think that FNMA/FMCC will each go past $20 PS. Probably higher if the govt. will do what's best for the folks. Won't hold my breath.

Tomorrow 4.60 to 5.40. Sure gets harder to buy at these prices.
Go Mae and Mac.