Replies to post #9784 on Fannie Mae-No Politics (FNMA)

[biznipianjr]

kelly do you own the stock now at a long position.

i am into this as a great speculation. nothing more. it has a shot in the dark to make some big money. i dont think it will ever fully recover but a b uck or two or t hree yes.

[KELLYCO]

The overwhelming majority of loans since Countrywide started this whole mess.Dollar wise 7 trillion worth are nonforeclosable.
Out of those they now become non secured debt that is collectable based on each persons financial capabilities.There are no debtors prisons in the USA,yet anyhow.One of the problems is people beg borrow and steal just to chip away at a debt they do not have to pay and they really get no equity for their trying.All the money is gobbled up by the crooked institutions and their crooked lawyers.Actually the mortgage securities business has become a HAWALA.

http://www1.american.edu/ted/hawala.htm

"Outside the recognized capitalist canons of legitimate trade and banking, an ancient and efficient system of exchange called Hawala has been gaining popularity in the international black market community. Above all, to those who have access, Hawala is considered a trustworthy, paperless, and lucrative manner of moving money. The immediate payoff for using these underground networks is thus an efficient, often more affordable, and most importantly, untraceable transaction."