Fannie Mae-No Politics (FNMA)

[BigBenWallace]

Tomorrow when Watt is asked about FnF...we will see a rally

Anyone who understands housing and finance, understands that:

1) There is no reason to get rid of FnF

2) There is nothing that can replace them

Todays action was rather disheartening, but there is a reason that the stock has never been completely de-listed from trading when the government took them into c-ship. We saw it when we ran to 5 + and we saw it today when we almost hit 1...that is 80% + down in 1 month roughly. makes zero sense other than fear selling to get to this level. FnF will be back in the saddle shortly. There is no way that anyone can come out and say that we need to fix something that is not broken.

I believe that this was the last time we see selling to this extreme, profit taking is fine, but a collapse since 2:45 yesterday is completely overdone. If the shares had zero value, they would have stopped trading 5 years ago.

This is a goldmine. What we need here is someone, or something to come out and support FnF. I have seen nothing but bashing for the last month. There has been no real news, just recycling the same old story (again and again), and people are listening to it.

We need to have these other bills come out and gain support. They have already reformed FnF, go look at the underwriting guidelines from 2008 and from today, they look completely different. I am not sure what these authors of this bill that the media pumps are up to, but they need to go fix real problems and recognize that what is not broken doesnt need to be fixed.

I would have to imagine that there are folks in DC that are alot smarter than the people on this board who bring up great reasons why FnF should be left alone because they are clearly working just fine.

This FMIC that is being proposed is a joke and will be very costly to put into place and will actually put the tax payer on the hook and protect the banks. Someone in DC will see right through this and laugh this bill away and then those of us that stuck around today in FnF will understand why we did.

STRONG BUY