Fannie Mae-No Politics (FNMA)

[401kobessive]

I answered your question with a statement. Public opinion does not matter. They take it, but they govern for the greater good. No doubt alot of folks lost homes during the crisis. Some may be here now with malice for the shareholder. Spending time pushing an agenda that they most likely will loose. Its a 100 year crisis that will result in a transfer of wealth. Like it or not, that is what it is. Had I lost a home or been an investor pre-conservatorship I would probably be unhappy as well. In short, blue collar public will is not on the top of anyone's agenda. Memories are short in politics. People just want their flat screens, a beer on sunday and football. That said, I agree with you about the public being unhappy. However, 1.2 billion shares will be outstanding and those that own them when the GSEs are released will be glad they held and those who followed but did not invest will be looking in the rear mirror with regret. I will not say that your theory is incorrect. We may have mass rioting in the streets at the mention of a GSE release. I just think it is not likely.