Replies to post #586377 on Fannie Mae-No Politics (FNMA)

[Lotto65]

If all taken back to that date in time, rewarded by starting over before the crap hit the fan, 60. pps would then mean we have been trading sideways for the past 12 years while the overall market is posting all time new highs.

[Lotto65]

If we were not taken, we would probably be trading around 185. today.

[chessmaster315]

While its true it traded at 7 dollars, it was paying a dividend of 2.00 per year, before the government messed with FNMA. So, 2 dollars per year, times 12 years = 24 plus 7 equals 31 dollars.

There is also interest on the 31 dollars for 12 years. At a modest six percent per year, for 12 years. it would double, to 62.00

Either way, its about 60 dollars.

[IronMan123]

BUT - the governments actions caused the drop in value from $60 plus to the $7 and below. They are responsible for that total loss. They did not make anything until the NWS when they took everything that was left and shares went down to about .30.