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Federal National Mortgage Association Message Board

  • peacefrommike peacefrommike Apr 5, 2013 4:19 PM Flag

    Obama AIG Fix-It Man Bets on Fannie and Freddie Turnaround

    More huge positive news. See article. yahoo financials under fnma symbol. enjoy longs! Up more we go!

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    • I was reading the article as you posted this. That IS the kind of news that I like to hear as well as what moves a stock price. Right now, nobody in government has a clue what to do with F&F. So, to have someone who was top man at the treasury to say he has a plan, well, congress would have a hard time saying his plan would not work. This is a huge swing in the right direction.

      Sentiment: Strong Buy

      • 1 Reply to steve.landry1962
      • He did not provide any insight into common shares of FNMA, only the preferred shares. This spooked me somewhat. Would there be value in the common FNMA shares , IF FNMA liquidated? "... Millstein says the statute under which Fannie and Freddie would be liquidated incorporates an "absolute priority rule," like the U.S. bankruptcy code". Seems to say that a liquidation would be similar to a bankruptcy proceeding? We know how commons are treated in a bankruptcy proceeding. Any insight would be welcomed.

        Sentiment: Hold

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