Fannie Mae Preferred S (FNMAS)

[NobodyFromNowhere]

The most damaging part for investors has been the pump and the dump. If Jim Lockhardt had not sent out the Q&A to investors after HERA and conservatorship that said that the goal was to put the co's back into solvent, prior position, etc and instead had said from the start that we are going to use provision 4917 to strip you of all property rights and use the companies as piggy banks and as a part of the Federal Reserve's Quantitative Easing program, it would be fine. We would have bought shares for 20 cents, and they would have stayed at 20 cents forever, and no hedge funds would have courted innocent retail to buy shares in hopes of making fortunes. Now you have chumps out there that put all their eggs in this basket thinking it was going to be their early retirement from the Salt Mines.
My best advice is to sell you shares for whatever you can get, and go to your local Amazon Prime fulfillment center and apply for a job. Then, work at that job until a machine takes it from you. Life is over for the middle class losers like us.
If someone has this "deleted" old statement, here is your complaint
https://www.treasury.gov/press/releases/reports/fhfa_statement_090708hp1128.pdf