Fannie Mae-No Politics (FNMA)

[big-yank]

senior preferred dividend. That is on the preferred shares owned by the government. As I understand it, Delaware corporate law makes it illegal to favor one preferred shareholder while shutting out another. This is what I expected that the amended complaint would contain... an actual, actionable complaint that could cut through the gridlock and trigger a favorable ruling for all preferred stock-owners. Instead what we got from MoeRon Steal is some limp-wristed gambit that will add another six month limbo dance AND a whole new round of briefs needing to be filed, countered, refiled and re-countered. "Fully briefed"claims for this one are nothing but wild fantasy.

Very disappointing. VERY. It is now Perry Appeal or Bust in Fannieland.

JMHO.