This is an irresponsible headline, the kind designed to fuel panic.
Buried at the bottom is opposition from hedge funds the likes of Paulsen and Claren Road -- no mention of Nader or numerous other heavy-weights, not to mention that old staple of American business, hungry lawyers.
Even if the bills pass, eventually -- and it's true there is bipartisan support incl. Obama who was calling for their demise back in 2011, both sides want to get their hands on the profits -- it can't happen for a long while.
Once some realistic timeline and balance comes out there will be another uptick but meanwhile, I'll bet the likes of Bloomberg, Cramer and others would just LOVE to drive it back down to 22c so they could scoop up shares.
This post #77427 has the realistic headline -- and ironically, from a liberal writer who clearly WANTS FnM to absorb losses of over-extended homeowners (and minorities, as Obama's left wants) at the expense of taxpayers and shareholders, and kill profitability:
stockprofitter Member Profile stockprofitter
Wednesday, June 26, 2013 4:43:36 PM
Re: None
Post # of 77517
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Douglas J. Elliott | June 26, 2013 10:14am
Encouraging Momentum to Reform Fannie Mae and Freddie Mac, But Nothing is Likely Soon
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