Fannie Mae-No Politics (FNMA)

[FOFreddie]

Hi Kthomp,

Thanks for the color about the selling of the JPS - I am assuming you actually know that a large holder is liquidating. I hope that is the case because one would think that there is enough potential positive news to at least support the JPS price.

Regarding the JB Admin - it would seem that anything is possible - who would have imagined the NWS and the SPS Liquidation Pref in 2012 - I know I was totally in disbelief and thought that there was no way a Federal Court would uphold such a egregious USG action.

Regarding motivations - it is not just about the money - if that was the case I would have been gone in 2008 - it is about what is right and what is fair. I bought FNMAT at $ 25 in May of 2008 and I want to be treated fairly and will continue to advocate that every investor is treated fairly. FYI - I have very few common because I have been holding primarily JPS since 2008.

Thanks again for the reply