Fannie Mae-No Politics (FNMA)

[MrTraderJoe]

How long have they been playing this game with you? It is over 10 years. I bought this stock sometime in 2013 for $0.80 and held it for over 5 years waiting for the grand prize that always appeared to be within grasp. Luckily I sold it at slightly above $3.00.

After over 10 years since this charade started, the PPS is not far from where I bought it at. When there is news of some forthcoming action, the feeling is always euphoric, like "this is it, we gonna be very rich soon".

I remember Glenda Brady writing all those articles on Seeking Alpha of how many preferred shares she holds, projections of where the PPS would be in the future, how wealthy she will be and on and on and on..... I am sure reading her rosy articles people have invested a lot and living on ramen noodle soup hoping to eat caviar someday.

I hope the day of reckoning arrives, justice is served and caviar will be on the menu for shareholders someday. Looking at the pathetic past, a glorious future as a long term investor here is slim at best. "SCHWARTZ is getting it DONE" maybe true, but in whose favor remains the MULTI-BILLION DOLLAR QUESTION.

SCHWARTZ is getting it DONE - much quicker than SWEENEY