Fannie Mae-No Politics (FNMA)

[imtheshadow]

- No one in congress or administration will mention the possible fate of shareholders in advance as, whether positive or negative, that would be just a bad as Corker's comment to short FnF.

- Don't confuse recap, release, reform, etc. with favorable shareholder outcome. The continuing existence of FnF is a completely separate issue from the continued existence of existing shareholders.

- Totally screwing existing shareholders will absolutely not stop new shareholders from recapping the companies. One person's loss is another's gain as has been the case throughout human history.

- The best legal efforts have been mostly defeated in the courts and the best legal advisers for P's have been wrong - so far. What should be obvious from both a legal and common sense perspective has been anything such. Significant legal uncertainty + congressional uncertainty + administration uncertainty = current pps

With 50K pre-cship common shares, I hope this works out but, to be honest, I am also preparing to learn one day that the first thing common shareholders will hear is the sound of their shares getting flushed down the toilet (if you get my gist). glta