Fannie Mae Preferred S (FNMAS)

[brandemarcus]

As Keynes said," when the facts change, I change my opinion." When the hedge funds went to congress in 2013, it was clear to them the government had no intent to ever release the gse's without a fight. This has been made even more clear by the documents uncovered.
Back in 2012, I was wrong. I did not know we were dealing with Putin wannabe's. By the rules of all the other bail outs and correctly predicting what would happen to earnings, the investment should have been success. If I was wrong about the recovery then I lose yank -no complaining, no legal action. But I was right, and the government had a political problem with ever allowing me to be rewarded so they changed the rules forever.
I thought I was investing in the United States. I thought if I was right about the economics and the accounting, the result would take care of itself. I thought I was dealing with people who admired Alexander Hamilton, instead they admire Putin and Castro and Chavez.