These greedy idiots have strictly controlled the price in range for years. No matter what is the volume, the price will be always back to the "norm."
This stock should be trading at least $10, which is no brainer. WS crooks know that!
I hope any American withdraws their money from the hand of any WS crook and put it on their own hand to starve the WS as a whole!
They are consistent problem of America! Crooked, greedy, not follow the rules!
Below is my comments on "Housing Reform's Investor Bonanza: Street Whispers" by Dan Freed which appeared in The Street on 21 Nov:
"Let me give the author a clue in picking a specific stock to own as the US economy picks up steam or stabilizes, and housing market continually improves: my pick are the common stocks of Fannie May and Freddie.
Now you get it?
Winding down, what winding down? Look up the dictionary? Both Fannie and Freddie have the structure and system that have worked for years. It's called proven technology and practice. The only problem is the ongoing housing crisis that created this nonsense winding down talking ever since when? With now improved model and system in place after the crisis, both entities are just working fine.
Winding down again? Can we have something new to talk?
Ask what private companies or entities are there or will be there to take over the function of Fannie and Freddie? What kinds of transitions and risks we average Americans have to take to see a smooth transition? How that is going to impact the delicate economic recovery now in seesaw torturous state?
Privatizing Fannie and Freddie is the only way for the future US housing market and sustainable development, and is also the only way of shutting all your irresponsible so-called journalists or financial analysts once for all?
Money should start flow to Fannie and Freddie now, regardless of government money or private money. Free both Fannies and Freddie from government control ASAP!"
Write your congressman
They all know that fannie and Freddie did not cause the problem but only their relaxing of the requirements to purchase a home. I bought my house in 2007 with a no doc loan which means they only looked at my credit score to purchase. I could have been someone who paid all theirs bills on time and had great credit but received food stamps. It was ridiculous! Congress caused the housing collapse and the recession, not Wall Street.
I tried to answer your question yesterday, writing one full page of why, but this board would not allow it show up. I don't know what words have poked a thorn in mediator's eye!
The point I tried to express is indication, an explicit indication that the government will let fnma and freddie once again become independent, etc. We have not had that indication yet, or there are still lots of uncertainties about the future of those two entities, so it is easy for manipulators to do what they want to.
Bottom line here is 1) fnma has made profit for three consecutive quarters now, and this trend can only intensify; 2) if the government wants to kill fnma in the first place and by now, why it allows the trading of fnma common stock? 3) can anyone figure out a best solution for us housing market without fnma and freddies. as far as I know, democrats or republicans, no body!