Replies to post #208226 on Fannie Mae-No Politics (FNMA)

[geotrade]

this crapo won't pass. if it does we will all tell our grandchildren about the "golden age" when people were able to "buy houses" an banks "paid interest" on savings accounts and securities laws "applied" to our equities markets...

[Dollars1]

M Fool is taking a lot of literary license with what Buffett said. Buffett first said in his own words that there needs to be some kind of government guarantee. The word "role" came from the interviewer Betty first in her question. He said no he didn't see a role for Berkshire Hathaway repeating it back to her. He did say some things like investors taking the first 5% hit, and maybe some thing in some future mortgage financing. He sort of mumbled those, and he didn't specify that he was behind a certain bill. M Fool says Buffet more or less supports a bill led by president Obama and a bipartisan group of senators. I didn't know it was led by Obama? I've heard his HUD secretary jump up and down about it now, but I haven't heard Obama say that he backs or leads J/C?