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Federal National Mortgage Association Message Board

  • sir_urangutan sir_urangutan Apr 3, 2013 10:56 PM Flag

    While Barney Frank called GSE investors vultures he alluded to the fact that shares will rebound and investors will gain

    Here is the first paragraph from the article:

    NEW YORK (TheStreet) -- Former Massachusetts Rep. Barney Frank says private shareholders in Fannie Mae (FNMA) and Freddie Mac (FMCC) "would be entitled to a pro-rated share" of the entities' profits if there is money left over after they repay the government. However, he says he "has little sympathy with the vultures" betting on a rebound in shares of the government-sponsored enterprises (GSEs).

    The interesting part of the above paragraph are these words "betting on a rebound in shares of the government-sponsored enterprises (GSEs)". So Barney Frank is betting on a rebound in shares and so he says he has no sympathy for those of us who have bought low. It is clear here that whoever buys under or close to a dollar will stand to gain based on Barney's view and so he has no sympathy for them. This is good news for longs.

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