Replies to post #433489 on Fannie Mae-No Politics (FNMA)

[stockprofitter]

Berkowitz quitting the Sears board is horrible for P shares. Redemption in the cards.

[Unhombrealado]

Both parties think there's risk but neither a Democratic nor Republican controlled congress passed legislation to do away with FnF. The bipartisan bill by Corker to do away with Fannie didn't pass. Now the GOP has expressed commitment to keeping the companies, so if anything, they'll stick around. They won't be as profitable or powerful as before, but a version of them will stay. Not the 100$ version some on this forum claim, but more likely a 12-15$ version, which is more than a nice profit for us longs.

[Donotunderstand]

If one agrees that the FHFA --i.e. F and F - improved their business practices and finances over the past five years --

I do not see how that does not fall to the credit of Mel Watt

So he did his job - 95% - on being a good steward

Now as reserves come to dangerous levels - he needs to act in the absence of any leadership from DJT and Mnuchin who are sitting on their ...... hands