Fannie Mae Preferred S (FNMAS)

[Letgoofmyfannie]

New GSE BALLAD: "GSEs Now, Not Later"

Just in time for our ninth (!) anniversary of GSE Conservatorship:

GSEs: Now, Not Later

GSEs now, not later
End the Net Worth Sweep
Restore shareholders' rights
Build Capital reserves
To have no buffer isn't too smart
End the Net Worth Sweep now
before it's too late.

September 6th
marks the ninth anniversary
Of shareholder rights
being seized by the Government;
With no intent for them
to ever be returned,
Or better yet their profits all swept
away.

GSEs now, not later
End the Net Worth Sweep
Restore shareholders' rights
Build Capital reserves
To have no buffer isn't too smart
End the Net Worth Sweep now
before it's too late.

Don't make a mistake
With twenty percent of the economy
A liquid mortgage market
Equals a strong housing one
Don't make a mistake,
by saying “let ‘em eat cake”
or in time you will find taxpayers
will pay...

GSEs now, not later
End the Net Worth Sweep
Restore shareholder rights
Build Capital reserves
To have no buffer isn't too smart
End the Net Worth Sweep now before it's too late.

End the Net Worth Sweep now before it's too laaaaaaaaaaaate!