Why would anyone not want to jump into a history making come back for this company... Obama is spewing poop out of his mouth, to talk the stock down... for only real reason. Its all a BIG game to these high rolling politics. This is def the time to buy while you can at this level...
Obama is bashing because he and all his many relatives want in on this action.
Sentiment: Strong Buy
It's great to get this solid inside information from a close friend of the Obamas. It's even more solid than the other info from the longs: that it's unconstitutional to take stock rather than debt when you do a bailout, that warrants explode when the issuer makes a bailout repayment, that massive institutions are scooping up shares while holding volume down at the same time, that the miniscule fraction of one percent of the capitalization of the GSE's represented by common stock is critical to the existence of the GSE's, and other amazing nuggets of solid information.
And the second thing would be on housing and foreclosures. And here, we just don’t see anything. The president has been talking up the line about dispatching Fannie Mae FNMA +0.65% and Freddie Mac FMCC -1.41% with a bullet to the head of each and, well, that would certainly liquidate the middle class.
If you want to create a world in which you are reliant on the market for privately originated mortgages and private securitization, with the reputation of the banks following the crisis, good luck, you are not going to get there. What would happen would be increasingly depressed housing market, a major asset that the middle class has had historically in this country. I very much doubt that is going to happen. It is a way of showing deference to an idealized free market concept, but it is also something that if it did happen, would pretty much negate a pro-middle-class agenda.