Fannie Mae-No Politics (FNMA)

[jog49]

"Fannie Mae (OTC Bulletin Board: FNMA) today announced that George W. Haywood has been elected to the company's Board of Directors. He has been appointed to the Compensation Committee and the Strategic Initiatives and Technology Committee. Mr. Haywood joins an accomplished Board that will help guide Fannie Mae as it fulfills its mission to provide access to safe, affordable mortgage financing in the United States."


I just wanted to thank those of you who voted to elect Haywood to the BOD. I was not able to vote since my rights were suspended in the nationalization. I'm wondering how any of you got to vote too with that suspension of rights. Also, the functions of the BOD were overridden by the nationalization so I'm wondering why Fannie needs a BOD, each drawing a great deal of money annually for doing absolutely nothing.