hondo, that's the gamble for fre/fnm....who wins? the banks or the govt?

imo it's baked in that fnm/fre are worthless, the media, especially cramer hates them...

i'm sure some of these BS loans will get sent back over time but the big question is what will the govt do with fnm and fre? i'm avg'd in at .59 with fnm and holding (sold some awhile back)....gambling on the big score as real estate goes up, fraud loans sent back, and rates go up.....

funny, i did that with kry, and a govt f'd me...i hope the same does'nt happen with fnm but gov'ts seem to have a habit of doing that...