Fannie Mae Preferred S (FNMAS)

[big-yank]

Mr. Mudd has not settled with the SEC, but Fannie Mae settled and agreed to a class action penalty of $170 million. This comes on the heels of an earlier class action settlement of $153 million which was paid to claimants, the cost of which was split between Fannie Mae and their auditors.

http://www.reuters.com/article/us-sec-fanniemae-settlement-idUSKCN0RL2F420150922

http://fanniemaesecuritieslitigation.com/index.php

Lots of smoke over a sustained period of time beginning in April, 2001. But no fire? Any where? Hmmmm...

JMHO.