Fannie Mae-No Politics (FNMA)

[Cash47873]

I'm not really complaining. I can go do other things in the mean time to make money. I, like many others, am long here since sub $1. The sideways trends have been a gift for anyone who sees the legal side of this being won in favor of F and F.

The politricksters have already begun their back peddling away from the wind down approach and the political gamesmanship to save face with constituents is well underway with the bi partisan Reed proposal. They are going to eventually say that new evidence has come to light that has changed their perception of blame of F and F in the meltdown. The banks will shoulder the blame but only as interest rates start to rise and they release their grip on lending. This will make it easy for the govt as they will have a scapegoat for the crisis and not so bad for the banks as higher rates and a loosened grip on lending will make them profitable and hard to stay mad at while they are handing out loans again.

These sideways trends at these low levels are a gift for those who can see through the mire.

This is one time I am grateful for the ignorant and impetuous nature of most Americans.