Looks to me like David Fiderer has sold out, and moved from a longstanding position as an advocate for the GSEs to possibly becoming a paid shill for plaintiffs. He graduated from being a potential part of "the solution" to being part of the impasse and "the problem" in the Fanniegate saga.
Shareholders need a settlement to get anywhere concrete. As do Fannie Mae and Freddie Mac, not to mention the Housing industry, let alone the aspirational home buyers looking to join the American dream that relies on FnF for an open path to affordable mortgage products.
Why do so many "experts" that once spoke out for right vs. wrong now focus only on assignation of blame and stockholder windfalls? What is gained by a polarized and intractable rant against everything the government either did, or might have done instead of seeking some common ground where scorched earth gives way to a return to normalcy that benefits everyone concerned?
Fiderer, sadly, has regressed into a "Howard Beale" lunacy fixation on being "Mad as hell. I'm not going to take it any more" and has become some self-annointed avenging government anti-Christ. His shrill narrative as the herald of self-righteous condemnation of everything government is the ultimate blame game charade.
I am a substantial shareholder, here, in both preferred and common shares. My acquisition costs are substantially higher than many here who bought under more depressed prices. I want Fanniegate resolved, and yes I seek a financial gain in the endgame. But the "all or nothing" game being played by Fiderer and many, many other pundits only builds barriers to any reasonable, settled outcome. He does NOT speak for me.
JMHO.
