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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (95695)4/27/2002 12:44:10 PM
From: Tommaso  Read Replies (2) of 132070
 
James Grant seems to have recommended this stock:

finance.yahoo.com

If they are borrowing short term at ultralow rates, and buying mortgages that pay much higher rates, it would seem to me that a run-up in short term rates would bankrupt them in short order.

Of course, it takes a while to jack up interest rates, and the stock might run up for a while, given that 15% dividend.

But if FNM is a sell, why isn't this one a sell, too?
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