Fannie Mae-No Politics (FNMA)

[Louie_Louie]

In the many years that I have been investing, Buffet leaves those who follow him holding the bag! Those in Berkshire do well from his crooked antics, but not the lemming followers. He loves buying up preffereds mostly, but usually a sweetheart pref concocted to his uber benefit. When he does this, somehow it gets leaked to many business news outlets (wonder how?), thereby increasing share price (which he also buys up), then once enough lemmings come in and drive it up, he bails from the regular shares pulls the rug out), but either hangs onto or sells part of his pref shares, depending on his arrangement and or special pref dividend that he swindles. He's a crook who depends on special pref arrangements and the lemmings who continually follow him outside of his fund tgat buy commons, which he loves burning via an insider type trading scheme. It's amazing he's never been reported to the SEC, but he's in bed with government 9 times out of 10. This is why he beats the market. He rigs his purchases with his reputation, the more he makes playing his game, the bigger his rep gets.

Be careful what you wish for with Buffett, he has no qualms about screwing all shareholders at tge benefit of himself and his fund. He could basically, right now, buy up all the commons and JPS for probably less than 3 billion, a small pittance of the cash he's sitting on. And....yes end up with much higher JPS and common price just by doing that. He invested heavily in the GSE's many years ago, but was dealing with an unfavorable administration at the time, so he bailed because he couldn't pull the rug out from under like he wanted to, or get the sweetheart deal on prefs.