Replies to post #3445 on Fannie Mae-No Politics (FNMA)

[Phisherman]

I trade FRE, I buy FNM. I wont play anything else until I sell FNM. I believe FNM is the canary in the mine. If FNM fails, we all fail whether we own shares or not. The mortgage industry caused this mess, and the economy wont bottom until the mortgage industry bottoms. When the mortgage market rebounds from the bottom, we will do great and the world wont end as we know it. Let's not forget, FNM IS the mortgage industry. The only advantage I see FRE having over us is less shares. IMO. GLTY!