Fannie Mae-No Politics (FNMA)

[Factorowitz]

Truth be told, I have "never" really liked him because of some of his views, how he relates everything to himself and makes it personal about something in his life plus other stuff. Obviously I respect him somewhat for attempting to do what no one has done....has it been extremely difficult? Yes. Have there been better ways to do some of the stuff he wants....by all means. At the end of the day....He is doing WHAT IS RIGHT for everyone in this situation which is essentially returning the company back to the shareholders. With less government control, the company can prosper and who knows maybe even like AIG we'll start receiving a dividend for those who hold this very long term. I took what he said early as basically taking an axe to both companies....A, there was no way that would ever happen without massive lawsuits and major issues. B, What would happen to all those guaranteed?


Now the real questions is, does he follow through with what he says without changing stuff around....who knows.

At this point in time, I was just happy to hear that privatization to some point will be happening because that is what these companies need. I believe we will increase in price tomorrow...glad i grabbed some 1.57s today.