I read the amount Fannie owes the Government is going down so some how they must be able to pay the government back. People got spooked by that bill they are starting to work on in the Senate to come up with a better way to back stop a mortgage entity. They are years away from getting anything done like that if ever. This stock traded with the herd mentality....People chased it up and chased it to sell on the way down....worst case next quarters earnings are huge again people forget everything and this runs wild for everyone.
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