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American Capital Agency Corp. Message Board

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  • big.yank big.yank Aug 7, 2011 11:07 AM Flag

    Fox Business News Report

    If Congress fails to allow an additional $5 billion in funding, does this mean Fannie will default on honoring it's "agency backing" of AGNC's mortgage portfolio? Doen't this relegate the quality of AGNC's mortgage assets to a much lower level, say such as Chimera, who experienced a huge haircut even before the debt-ceiling malaise affected the broad market?

    I exited my position in NLY and AGNC a few weeks ago and would like to re-enter, but this issue is really scary!

    The U.S. Congress can't seem to agree to anything that involves additional funding, as evidenced by Boehner's comments on the downgrade, yesterday, Kantors comments when he appeared on CNBC Friday morning or Michelle Bachmann's diatribe in a phone interview with Fox News, yesterday.

    Thoughts, anyone?

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