Replies to post #607461 on Fannie Mae-No Politics (FNMA)

[Learntruth]

both citigroup and chase own 75%. not just jpm, but that's still quite the concentration

[Pecker9Wood]

I understand historically JPM was the one who originally bailed out the government with a loan. In a way we live in a state of gangsters and loan sharks supported by laws that suit them. Not as bad as it sounds but has always been heavy weighted in the banks favor. Now you understand and know why. You say you want some shares and some of that action? Buy treasury notes and bonds. What interesting is how the banks that you use for home loans act as separate of the reserve and is what the average Joe sees. The banks get the very cheap or free loans from members they have on the board and loan it to you at twice or more the rate. I have what many in our country know is damm low mortgage loan rate of 4%. The rate the big banks get the money today they should refinance us all for free by a couple of points lower. What a racket.