Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

The article was titled that he sold his holdings but I wasn't quite sure after reading David Einhorns letter whether he did or not!

It seems that he may have exited his position as his and probably most investors premised their holdings on the very legal and sound conclusion that a conservator could NOT rape and pillage their wards, contrary to what the SCOTUS ruled.

Will we recover ANYTHING in the courts? Will all the federal Judges be unwilling to adversely rule against Uncle Sam for TENS IF NOT HUNDREDS OF BILLIONS OF DOLLARS, when after all he signs their paychecks? Will ANY administration EVER do anything to allow the shareholders to regain their standing as the true owners of the company?

Will this and future administrations simply treat the gses as tools for their "best interests"?

Don't know!

But time will tell. Seems to be more volatility lately in the jps versus common, but BOTH seem to be going south.