Replies to post #165624 on Fannie Mae-No Politics (FNMA)

[not one red cent ~NORC~]

oops, beat me to it.

[stockanalyze]

"What if neither bill can get through both houses? "

i am sure they will not not. otherwise pollock won't raise this question too.


"while longtime political supporter Mel Watt runs the agency that regulates them. On top of that, the Federal Reserve buys and monetizes their mortgage-backed securities—so far to the tune of $1.5 trillion and continuing at $35 billion a month."

coming from pollock who hates fnf, it tells me that watt would be the best thing for gse's. also a lot of monies from federal reserve.

aren't we looking at a stock that is worth more than $60?

[chessmaster315]

This article suggests "fannie has failed", which I hotly dispute.
Fannie has provided affordable mortgages for decades and has made the American way of home ownership not just a dream, but realized for the middle class.

As Elizabeth Warren said, it was not fannies fault the banks put packages of bad loans together and sold them to fannie fraudulently claiming those loans to be good.

Fannie has healed from this fraud, and is marching on. We need only have congress "leave my fannie alone" for it to, again, succeed. We dont need congress messing up fannie like they did health care. As Regan said it, "That government is best which governs least".