Rarely does an event come along where one can invest and have life changing asset increases. This is a generational event. Those that studied the great depression will find that those that placed their investments in the right spots, made alot of money. I feel that FNMA meets the end point of a generational investment that will create wealth for those willing to take the risk of holding through the governments drama. No doubt you can read these boards and see that many feel the opposite. What motivates these posters, I do not know. One can theorize that maybe they had a home repossessed, or secretly want to buy the stock cheaper as to manipulate the PPS down with negative talk. Whatever the reason, remember you bought a stock because you seen something of value. This stock is unique in that it trades for pennies on the dollar of its real asset value. Barnie Frank referred to FNMA investors as "vultures". I differ with that point of view. I see FNMA investors as patriots. Those investing in a pillar of Americas financial independence. Its a joint venture between the shareholder and those starting out in life wanting to build a dream home or buy something that they could otherwise not afford without someone being willing to loan them the capital over half a lifetime. In a nutshell, the lender will always be the bad guy for those who can not pay their debts. The back ground noise will cease on the day of liberation of FNMA. The fact that the stock still trades is proof that they have no intentions of dismantling. The government has made some bad choices. Now they have to live with affects of those choices and they are trying to get out of this saving face.
