Replies to post #612405 on Fannie Mae-No Politics (FNMA)

[YanksGhost]

Howard's initial comment was the capital was so large that it could serve to stifle the GSEs business due to excess. That was satisfactory. His more in depth piece was so condemning that, to many, it disqualified MC's Proposal as even worth reading or considering.

Maloni's blog sought to destroy Mark Calabria. I have previously agreed with most all his complaints against MC. But this blog post was "a bridge too far" and degenerated into a mean-spirited disembowelment of another human being.

I spent DAYS reading the entire 424 page report, much of it twice, before stating that despite my earlier trepidation about the large amount, the more informed conclusion was that it was the best thing to happen in over two years. Then the negative assault was launched by two respected people that, to me, always spoke to the inherent GOOD in FnF that made them worth saving, supporting and nurturing.

I feel like I was SOLD OUT. The negative vibe was then so toxic on the board that I killed my re-entry buy order and, now, am unlikely to reconsider for quite some time.

Unlike some, I would be very happy with a $2.00 stock that went to $6 to $10, or something more in time. But if the process bogs down over bickering over the Capital Proposal, the $95 B needed will never be subscribed and this will go back to a $1 stock next tax selling season in DEC.