Fannie Mae-No Politics (FNMA)

[10bambam]

"Our directors do not have any fiduciary duties to any
person or entity except to the conservator and, accordingly, are not obligated
to consider the interests of the company, the holders of our equity or debt
securities or the holders of Fannie Mae MBS unless specifically directed to do
so by the conservator."

Hamstrung, handcuffed and completely unable to manage in a way that publicly held companies should be managed.

http://m.4-traders.com/FEDERAL-NATIONAL-MORTGAGE-6383239/news/Federal-National-Mortgage-Assctn-Fnni-Me--ASSOCIATION-FANNIE-MAE-Managements-Discussion-and-Analys-20819612/