Replies to post #79809 on Fannie Mae-No Politics (FNMA)

[jdmoney]

It's all polotics

[C C]

he may say what ever it takes to get appointed
politics my man
politics

he deffinatly doesn't have the Republicans on his side

dont' understand how he can be posative about allowing those who have a note with FNMA get credit if what they owe is less than what the note is for
and then expect confirmation for his post with FNMA and take a position aobut abolishing FNMA

something doesn't sound right


c

[Euripides90]

Here are the recent FNMA insider trading reports, all smartly sold high end of May and no new buys reported: I'll pour ALL my savings into them when they re-load.

Buy/Sell
Buys
0
Sells
3
Total
3
Shares
Bought
0
Sold
32,283
Gross
32,283
Net
-32,283
SEC Transactions Last 2 Years
Trans Date
Filer
Ownership
Type
Price
Shares
May 28, 2013 FINK GREGORY A
Officer direct Sell 3.92 2,793
May 28, 2013 BON SALLE ANDREW
Officer direct Sell 3.65 to 3.67 14,524
May 20, 2013 BENSON DAVID C
Officer direct Sell 1.45 to 1.46 14,966

Bet Benson wishes he'd waited a week!
Shows even insiders can't predict these stocks.


Re: DrMerlot1's question:

Watt is Obama's guy and Obama has been saying for at least a couple of years that he wants to abolish the Fannies -- notably in 2011 in the Huffington Post article which quotes him in detail. Google it.

When Watt says he wants to privatize the role he does NOT mean to turn the current structures over to the shareholders. However he is willing to consider Obama's proposal to have the 2 entities "forgive" loans to many PPL who owe more than their homes are worth, which makes no sense to stick taxpayers with before demolishing them, Republicans R right about that.

In the Nov. 2011 HuffPo piece Obama says home ownership isn't a right, so the Fannie's need to stop guaranteeing loans for the banks -- however it was liberal Dem's who put the Fannie's and banks into this position in the first place, to make home ownership "affordable" and easy for lower-income minorities especially, then of course the banks took advantage to stick taxpayers with the delinquent loans.

But NOW it's Obama who wants the taxpayers to eat the debts anyway, before abolishing the F & F: talking out of both sides of his mouth again, no wonder no one can figure out what he OR his guy Watt really mean or will do.