Fannie Mae-No Politics (FNMA)

[obiterdictum]

No. GSE and housing reform news will not be of the same type or quantity. So, as time passes, there will be simultaneous or nearly simultaneous news events that are negative, neutral and positive for shareholders, long, short, day, short term, etc.

Today's news is a good example. The news was composed of various threads: Watts confirmation possibilities, support and opposition, the Feds announcement of weak economic conditions and continued monthly purchase $40 billion asset back securities and $45 billion in Treasuries, the 175 million settlement with Ally Financial, Inc., Fannie Mae selling $500 mln in bills today, GSE reform ups and downs, the JP Morgan settlement, statement made by Michael Stegman, counselor to the Treasury secretary on housing finance about Mel Watt and administration goals for reform, Freddie Mac enlisting Barclays as sole bookrunner for its second risk-sharing MBS, and so on.

Most of this news was present and reported continuously throughout the day, with the exception of the Fed announcement. (What news is correlated with what rise, dip, sell off, etc. singly or in combination?

Just talking about the news. Rocky news and pleasant news and smooth patch news as we pass through time.

Whatever happens to the pps will happen.