Fannie Mae-No Politics (FNMA)

[FOFreddie]

Thanks nats1.

Thank you also to the other person who's name I cant remember who has diligently posted updateson GFA Holdings - I just cant remember the name of the poster right now.

There is two series listed between the disclosed 60 and 75 largest positions. There is a FMCC preferred with a value of approximately $630 million and a FNMA preferred greater than $500 million on the next page. There are several other GSE holdings including over 100 million of FNMA common later in the Holdings report. My point is that even in the SEC filing that DOC continues to reference there is a statement regarding the validity of equity but the statement does not reference a difference between common and preferred. The GFA seems to continue to purchase both and will probably use its size of Holdings by class and series to force shareholder votes on recap plans.