Fannie Mae-No Politics (FNMA)

[parrot head]

When President Barack Obama was in Arizona on August 6, he called for the GSEs to be wound down and replaced, complaining that in private hands they had been allowed to make huge profits buying mortgages, knowing that if their bets went bad “taxpayers would be left holding the bag”.

Ralph Axel, interest rates strategist at Bank of America Merrill Lynch, took up the metaphor in a note to clients. “As Fannie and Freddie continue to produce strong earnings,” he wrote, “the bag taxpayers are holding is quickly filling up with cash.”

Exactly. Conservatorship should end and the price per share of fannie mae should be allowed to adjust to its rightful price based on earnings and also should be uplisted to NYSE.

GO FNMA/FMCC!