Fannie Mae-No Politics (FNMA)

[Stockman1010101]

The reason the stock is not rallying now is because Obamas speech this week where he said that he wanted to wind down the GSEs FnF. and the damn Corker Bill which passed in the House. If it were not for these events we would be trading at $4 by now. So I predict a slow flat lined or sideways trading for some weeks to come till some new and refreshing news from Congress stating they will not wipe out FnF shareholders but will move FnF to privatization with tougher regulations on housing bills. That is all they need, that means we the shareholders will be made whole again and get all the benefits from FnF. That is my honest non-hyped answer to the status-quo. I still think we will be made whole again, but it will take some time now. I do not believe we will see the major rally we saw in May, when there was nothing negative to hold us down. Thanks to Obama and Corker we are eating it now. Write your congress people and the president and tell them what you think of their stupid plans for FnF (GSEs).