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obiterdictum

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obiterdictum

Re: KylieM post# 92763

Friday, 07/19/2013 3:05:49 AM

Friday, July 19, 2013 3:05:49 AM

Post# of 797320
No. Ginnie Mae has always been a wholly-owned government organization/agency. It was never in conservatorship. Ginnie Mae is a government organization and is not privately owned.

http://www.ginniemae.gov/pages/default.aspx
http://www.ginniemae.gov/consumer_education/Pages/ginnie_mae_and_the_gses.aspx

The worst thing that could happen is that the GSEs are abolished as entities and the shares held become worthless.

I am long in commons only.
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