Sorry, dude, but I posted all that content, repetitively, on this board and FMCC. You may feel free to review my archives if you want an education on FnF. It's all there, for those that care to read it. It's actually great stuff. It's the truth. And it is 100% fact-based. If I state an opinion, I almost always tag it as IMO or IMHO.
Reality is that Fannie & Freddie were not placed in conservancy because they were healthy, vibrant, secure and profitable entities. It is disingenuous IMO to claim some obscure conspiracy was involved in "stealing" FnF from shareholders as part of some criminal plot with devious or ominous overtones. There was a clear financial meltdown. The housing market was in disarray. Banks, car companies and insurers were in severe jeopardy and investment bankers were getting wiped out as recessionary woes built higher and higher. Remember? Weren't you there?
Now fast forward to the modern era of selective memory driven by a capture-the-flag moment of greed and a grabbag for the goodies. That is where FNMA and FMCC now sit, awaiting some judge and warring attornies to argue for who gets the goods now that the bad news has dissipated for the time being.
This may all play out well for you longs and for the fund "biggies" who are driving your high-occupancy bus. But you need to know that this also might not end well for you or the Perry/Berkowitz/Ackman/Icahn minions of wealth concentration for a privileged few.
GLTA.
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