Replies to post #207567 on Fannie Mae-No Politics (FNMA)

[myogenix]

Dont be worried little one. Remember we went from .3-$4 when everyone thought we were worthless.

[not one red cent ~NORC~]

Seriously, did you expect WB to announce he was buying...regardless if he really was or wasn't?

That's not his style. Not for this type of investment.

[Blushing green]

When and where did he say this lol. He's not invested in the companies is all I heard. He can keep his coke.

[955]

That's not how I read it. For the time being, he's not buying. Next week, that's a different story. He's leaving the door wide open.

“I don’t see any role for Berkshire in Fannie or Freddie,” Buffett, 83, said today in an interview with Bloomberg Television’s Betty Liu. “There could be some in some housing arrangement that gets worked out in the future.”

30 year fixed rate mortgage is key for him. Government guarantee is a must for 30 year mortgage survival. Banks won't touch it.

“I think government has to play a part in housing,” Buffett said. “The 30-year fixed-rate mortgage is very good for the American public and I think that you will need government participation in some way to bring the costs down.”

http://www.bloomberg.com/news/2014-04-23/buffett-open-to-future-housing-finance-role-for-berkshire.html?cmpid=yhoo

Buffet doesnt think FnF are going up anytime soon, that kind of worries me. Thats y hes not buying