Fannie Mae-No Politics (FNMA)

[kthomp19]

NOBODY, I repeat NOBODY, other than shareholders, especially any Congressmen, agency official, or influential policymaker, cares about the plight of shareholders. In fact, I contend that it is counter productive to contact ANY government official seeking any relief SOLEY on the basis of an appeal to shareholder plight.

Bravo! It is good to know that I am not the only voice in the wilderness on this issue.

Whining incessantly to members of Congress cannot possibly help. It is, as you say, counterproductive because it just makes FnF shareholders look like greedy bastards. There are already members of Congress, like Bill Foster of Indiana, who want all current FnF shareholders to be wiped out.

We are all in this for the money and nothing else. The only differences among us are who is willing to admit it. This isn't about justice or fairness or any of that bullshit. It's only money.

There is a simple question to find out someone's real motivations for owning FnF shares: "would you support a full senior pref writedown plus unwinding the SPSPAs plus returning all the excess NWS money plus a full government apology (etc) if it means you and everyone you know who owns shares has to sell right now at current prices and never buy back in?"

An answer of "no" means they're only in it for the money. "Yes" is basically bullshit; if that were the case they would sell right now. Refusal to answer amounts to "no".

If you all love the cheerleading here more power to you, if it helps you hang in there and find camaraderie, great! As they say misery loves company, but don't be fooled for an instant that you are making a difference to the powers with the boots on your neck. You have a better chance appealing as above, through the backdoor, but for Christ's sake do it smarter!

Amen.

But for some the need to feel like one is doing something is just too much to ignore. To our detriment.