Replies to post #841065 on Fannie Mae-No Politics (FNMA)

[stockprofitter]

1000%

[JSmith5]

Yes, the government makes their own rules but unless you bought the stock prior to the conservatorship you have nothing to complain about. The conservatorship created this tremendous investment opportunity that the rest of us have.

I never said I owned since this started - only that I have followed the saga from the beginning. I actually remember when Fannie Mae passed the trillion $ mark in issued MBS - I would tell people that this made them the world's first $T corporation. Nor am I complaining, but just observing that what the Government is going to do is very unpredictable in that they haven't been operating within the guardrails that apply to the rest of us.

I have done posts in the past saying that none of us who bought and have held since post 2008 have the moral high ground as the tone on the board from a lot of the posters seems to be that we are entitled to a killing - where all we are doing is taking advantage of what, to many of us, have been a series of ultra vires actions by the Government. Now that we are on the precipice of some further major actions by the government concerning these companies, this makes it especially hard to predict what exactly is going to happen next and its resulting impact on our share price. Understanding that as a Fannie and Freddie investor, this goes with the territory. And I am not complaining about it - but understand that its at the heart of my investment - sort of a double-edged sword in that it made our investment opportunities in the GSEs possible and even very attractive - but also puts us at risk.

Nats