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Federal National Mortgage Association Message Board

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  • shiftnite shiftnite Mar 9, 2009 4:35 PM Flag

    Why is this stock up

    You're in for a rude awakening my friend.

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    • let's hear your prognostication shytenite, you sound so very clever do expound

      • 2 Replies to debreasystems
      • I think fnm may rise a few cents....but quickly lose any gains due to fnm's new mode of government control.
        Lets hear YOUR predictions sweety.

      • i could see .75 on revaluation of seriously under valued assets at this point. i think in a better mrkt the price would go even higher. i think (could be wrong)they are priced between .2~.34 cents on the dollar. "reasonable" revaluation in strict terms might be .5~.55? they need this even if it's accounting trick(which it's not) just to get the monkey off the back of most financial institutions. the govt can't, doesn't won't be able to continue spending billions, trillions of dollars on the "assets" so they change the acctng rules; very much like they changed them before, viola problem to a lesser degree. govt can't won't for obvious reasons cheat, rob general population out of 100% retirement accts, general population would just go civil unrest like we've never seen before. so.."well there's a riot goin on"!
        resolution isn't logical math/business p.e. ratio, earnings, etc. it becomes a social issue. that's just my view because it's all we got left. bean counters be gone. people must and will be given a "gift" just prior to demise of complete system. sound crazy? you bet it does but what are "they" gonna do? it's a democracy right?
        pls respond and blow holes through my ....b.s.

1.97+0.01(+0.51%)Jul 29 3:59 PMEDT