Dick Bove Gets Backup On Fannie Mae And Freddie Mac

If you’ve been following Rafferty Capital Markets VP Richard Bove’s commentary on Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC), you know that he considers the GSEs to be essential parts of the US economy that the government liquidates at all of our peril. In light of the recent setback to GSE shareholders, he’s decided to take another shot at explaining the theory and brought in another banking expert to back him up for good measure. Solutions to the wrong problems put in place, says Bove Bove’s version…