Replies to post #119446 on Fannie Mae-No Politics (FNMA)

[GreenWizard]

Nice post.

[Chief Slapaho]

Great post, Malebaboon. Really puts things into perspective.

[Cash47873]

Excellent analysis sir. Best bet for a unique situation, lots of value in that wisdom. Hats off to you!

[detearing]

Thanks for a nice post...inspiring to hear someone stay long like you did...takes courage. I also did it with many stocks...one of them Berkowitz was in big and I did not realize it till a few days ago...Ackman was also big in it...now Ackman short n Berkowitz long...I was looking at the old ihub posts on ggp back around 500 to 1500, similar posts as whats going on now...som full of Tomfoolery. Looking back makes me realize the venum I would fel coming from some of the posts are now dried up and ineffective and made me question why do I subject myself to these posts...I block most of the big names here and dont bother looking at most unless I recognise the name...I look for news, hot off the press and I know Blue Mr. FENCE N U N PATSWIL wil be posting the Catalyst after the stock has already popped...

I am locked and loaded for years to come and I think even my grandchildren will be glad I did...

[fb22term]

Great piece Malebaboon. Very confidence inspiring and I hope the weak hands will pay attention. It is always darkest before the dawn. Thanks.

[patoja76]

Exactly Sr. Einstein summed up very well this perception to write ...

Only two things are infinite, the universe and human stupidity, and I'm not sure about the former.

[Digra Ive]

Yep man !!
You told us today many about to stay calm I want to great to you about your mood.
However - Govt using F&F as the Golden egg which can make a lot of money and deal with financials, opening many opportunities to cut US debt.
I believe we have only one option in our arsenal - The court.

[chestercopperpot]

Good comments! I like the part about David and Goliath. Bruce Berkowitz's motto is "IGNORE THE CROWD!" I LOVE THAT! SO LET THE CROWD TALK. HE SMASHED THE S&P BY 13 PERCENTAGE POINTS. THEY WANT TO KNOW HOW? "I IGNORE THE CROWD" BERKOWITZ SAYS!

[gsquad090]

I disagree - I don't think conventional wisdom says that Fannie Mae doesn't have a chance. I think conventional wisdom says that they are not going anywhere because of how solid they are becoming, how important they are, the government has its hand full with other things and there is no way that they could put together a sound plan with all eyes on them to replace them. Sure its easy to point at the bill and say "look at it, its right there!" (thats something monest hind would say dopely) but how many bills fly around and get no where? Most of them. Out of 4,000 bills sponsored this year, how many passed? 15 ... .3% and those bills were things like the freedom to fish act which opened up some watershed to fish. But people actually think that a bill that will cost hundreds of billions of dollars and require the largest scale change to our housing finance structure will somehow pass and all this and Syria too. Get real.