Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Stitch who wrote (14497)	2/27/1998 9:47:00 PM
From: Bonnie Bear	Read Replies (2) \| Respond to of 18056

FAMCK is set up like Fannie Mae or Freddie Mac, as a publicly-owned entity- a federal bank, if you will- authorized by Congress. the idea is that the feds borrow money from stockholders to provide liquidity for the exchange of money between member banks and borrowers. In exchange the stockholders get a cut of the spread, plus participation in the growth of the business. If Farmer Mac follows anywhere near the size of Fannie Mae or Freddie Mac ...well, the market cap of farmer mac is around 150K versus the others at 30B...so this is a ten-bagger, maybe a 100-bagger if the baby boomers take to buying farms with their money..(and FYI the tax laws changed so million-dollar-plus farms can be left as tax-free inheritance) it's one of those "if only I had bought it when it was tiny" stocks. And guess what? It's tiny ! check out farmermac.com I'd bet the farm on this one for retirement money.