In a surprising move this morning, Fannie Mae has cut its dividend from 25 cents per share down to 5 cents per share.

Why a company with the U.S. Treasury about to pump billions into it would feel the need to shore up its cash I have no idea. Why not increase the dividend? U.S. Taxpayers are footing the bill.

YOU HAVE GOT TO BE KIDDING ME!

Why on earth is Fannie Mae paying any dividend at all? They’re insolvent unless the U.S. mortgage market stages a miraculous recovery. And in a country that does everything it can to even deny the existence of God I certainly wouldn’t go counting on any miracles being dished out.

After rallying back up to the $16 per share area after the government manipulators outlawed the shorting of 17 privileged stocks, Fannie Mae is now trading in the sub $9 area in New York composite trading.

It would probably be at $2 if Hammerin’ Hank wasn’t willing to flood the company with free money.

Makes me want to go out and start guaranteeing mortgages on a scale large enough to insure a government handout for me and my friends-in-crime.

Gold and Silver are cheap today, and if you want to know why go over to GATA.org and read about:

There is no such thing as markets anymore, only manipulation

Gold and Silver are cheap today. - hint.