Fannie Mae-No Politics (FNMA)

[Guido2]

I do agree that Boyle Capital's assessment is the most fair among recent articles that I've read.

I go back to the lawsuits. Attorney David Thompson said the government could come to him for a settlement and settle for $30 billion in credits or go to trial and pay $135(?) billion. The settlement removes his plaintiffs out of the picture as they, and only they, get missed dividends. This removes any clout the preferred shareholders might have. The derivative claims would still be outstanding. Judge Sweeney said the corporations overpaid by $124 billion. Where is the need for a conversion?

By the way, I still own preferred shares. Looking forward to the day the corporations are capitalized and dividends resume.

Why would I settle for a 2.5 bagger for my commons? I know they consistently earn over $20 billion annually and only 1.8 billion shares are outstanding. They earn over $10 per share annually, after taxes.