Fannie Mae-No Politics (FNMA)

[401kobessive]

Am I the only one that feels that the share structure of FNMA is a national risk? Think about this: 1.2 billion shares outstanding. Share price of 1.50. So, currently, for 1.8 billion dollars a rouge nation could buy the market share and own 90% of the countries loans and mortgages. Not only that hold the notes on 90% of them. This is crazy. Before pension funds, retirees etc owned this...now its on the otcs. Who knows who holds this paper? Having given this some thought, this is a seriously overlooked issue. The share structure itself leaves the United States exposed. Has anyone else considered this? I know the Fed holds 80% warrants, but that is contingent on a court case now. Thoughts?