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Federal National Mortgage Association Message Board

  • magalo555 magalo555 Mar 27, 2013 8:07 AM Flag

    FNMA discussion just on CNBC

    Not sure who was being interviewed, but he said he felt they would be privatized, not broken up and used AIG as exmple,,,,,good or bad for common shares?? Opinions?

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    • Just a quick paragraph of an old privatize Sallie's one to show reference to 'PRIVATIZE' regarding a 'government sponsored entity'...privatizing a non government sponsored entity IS generally going private off the stock market GSE is's taking the government out...example:

      Over against this is the example of the Student Loan Marketing Association, known as Sallie Mae, a GSE that privatized in the mid-1990s. Sallie's P-E is about 14, and it does not have to contend with regulation (the market sets its capitalization), restrictions on its activities (it can enter any business it wants), or meeting affordable and low-income housing goals. When Fannie and Freddie were free of criticism and threatening legislation, when they had convinced the markets that they had complete control of their political risk, it made a great deal of sense to remain as GSEs. In the circumstances they face today, the answer is no longer so clear.

    • good..and that was Jim Milstein himself..he restructured AIG...Privatize just means not nationalized as it essentially is now..(get the government out)...and the guarantee would come in the form of FDIC insured loans..maybe FHIC(federal housing insurance corp?)Milstein has suggested in his plan(Jim Milstein plan, google it)it's all good..YES, that WAS JIM MILSTEIN...and next guest was AIG, fitting, because like I said Jim was responsible for their financial restructure :)

    • BAD. Closed corps ARE NOT PUBLICLY TRADED and they can offer you whatever they want...pennies on the dollar !!!!!!!

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