Replies to post #88826 on Fannie Mae-No Politics (FNMA)

[bmp152]

No doubt. I can't say what the fate of FnF will eventually be, but I can confidently say that the government will always have a role in the US housing market. Housing cannot exist efficiently without it. Too many times private capital has either folded in the face of an economic disaster or the private money just isn't to be found in enough volume to sustain the industry.

A few nickels up or down in either direction doesn't matter much. I still think we run on Q2 earnings. If you're worried about losing your position then flip this thing on volatility. If you're a betting man, hang on until August. In any event, play with what you can afford to lose. IMHO...

[cfljmljfl]

Not banks......the government was responsible for crisis.

[Demar]

"Lets remind ourselves, this begin with predatory lenders out there marketing products that borrowers could not afford. Fannie and Freddie were never bottom feeders. They had some Alt-A, they had some subprime, but nothing to the extent these other institutions had. That's where the problem lay."

Chris Dodd, Former Senator from Connecticut @ 1:15:10

From July 15, 2008 Senate Banking Hearing with Hank Paulson & Ben Bernanke