Fannie Mae-No Politics (FNMA)

[Cash47873]

From a political perspective that is very interesting. On one hand you have the Democrats that created F and F for the purposes of creating home ownership for more Americans. On the other hand you have the Republicans that historically would fight for the rights of the private corporations like F and F are.

Both seem to have a dog in the fight as F and F are both private and yet GSEs.

But then there are those pesky laws that were created that despite the crooked and self serving interests of both parties can not be over looked.

I'm not the biggest fan of attorneys and their typical self serving interests but in this case the attorneys representing the shareholders of F and F in federal court against the government are like the Cavalry coming over the hill to save the settlers from the Indians. These laws are very clear and the rules of the c-ship are very clear. Case precedent is also very clear which the FHFA itself has had a hand seeking while filing suit against the banks for selling bogus paper to the Gov backed GSEs, ruh roh!

Right now, all longs in F and F are golden! The current period is like when your best friend as a kid invites you to come to Disney World with his family. You know you're going to have a great trip......after your friend and his brother are done fighting in the car for 4 hours!

$FNMA!