its doesnt matter how great the earnings are, and it doesnt matter how strong the housing market is.
The fact remains that this junk will NOT improve as long as the government is involved. Smart money tends to stay away from government-controlled stocks.
The GSE's have become a sort of piggy bank for the feds, and the feds like it this way. This is why the c-ship will last for a long time.
There may be a sucker pop here and there, but long term investing into this mess is incredibly foolish.
Eventually, everyone will come to realize that I speak the truth.
You do know it was Bush and Paulson who did the conservatorship
Now decide if you like or hate them for not putting FNM through a forced CH7-11 what would have wiped out ALL equity years ago
Now - we know the REPS in the house want to wipe out FNM - 100% - no money to equity
Now - we know the WH - DEMS have put out position papers with various ideas and have on purpose stalled the outcome .... which so far has kept some hope alive
Why you or esaw below think BO and DEMS are bad for the equity in GSEs is not a position supported by any action of BO or DEMS
hate the people who funked you - not just BO because you do not understand his policies