Fannie Mae-No Politics (FNMA)

[Sogo]

Idiots can do a lot of damage when you give them tools they can't handle! That's DC in a nutshell.

I'm still under current pps with some of my shares, and over with others. Averaged a bit over, and I'm trying hard to keep my long attitude and approach. But wow, when you've got $ on the line with a political stock, the grandstanding pols and their huge dog and pony shows can really shake your confidence! They'll just do what their donors want, and how can I know what that is? For instance, I've read that BOA wants to be the backer of the new FMIC. Hence the selection of Watt, who is their main DC lapdog / agent. That would suggest a TBTF bank is pushing for dissolving fnma, so they can get all fnma's business, essentially. That would be bad for my long position.