Replies to post #21700 on Fannie Mae-No Politics (FNMA)

[bmp152]

I totally agree with you Blue. They're not supposed to be profiting, but they are in a big big way. And so far, they have been legally allowed to do so.

[doccholliday]

I wonder how much dilution the preferred shares will add to the commons?? Any ideas??

[Bodach]

YES! Exactly! Wish we could have 5 stickies.

it is not government job to make profit from the company. it is against of capitalist economy as well. the government job is to let the company to continue its business and collect taxes. in my opinion the future of FNMA will be like that. government whatever profit took it so far will reduce from debt and convert its preferred shares to common shares and let the share price to hit some level and sell on the market. it will be more profitable for the taxpayer shares and get taxes from the company as well. also push the banks to buy back those bad loans they packaged to fnma. FNMA didn't make mistake the banks packed them those bad loans.

[Eagle007]

Agreed, very good........