The tossup here is whether the Government as it is right now, politically unsure, and mismanaged, could even, if they tried, dismantle a GSE which holds such a massive percentage of the country's mortages. I do not believe that it can, and i think it will be a long time before the GSE's are gone for good.
I think much more information is needed on the future of these companies politically to make such a statement. however, regarding the amount of time it will take to rebound, i think that even waiting 5 years for them to repay their debt and return to the same growth that was projected 2 years ago, could yield some very satisfying returns.
what are your thoughts?
$0.7524 (10/23/08)
