Fannie Mae Preferred S (FNMAS)

[Joe Stocks]

With Romney's infamous private equity background
,I just don't trust him to do anything equitable for us.

Hmm...I disagree for the same reason. I think if Romney was President when GM had it's problems his administration would have been more fair and true to the law and the bondholders (me) would have come out with a better outcome. In both cases GM would have filed BK and survived but the bondholders would have received more, and the UAW less.

The FnF case I think Romney would be very much more in tune with the shareholders position being that he has been in that position so many times. True, I think the Romney administration would like to see more the industry privatized, but that is going to take some time. I think we have a better how survival as a private insurer under Romney as I think he is in a better position to recognize the value.

I also think under Romney there will be a plan in place quicker for us to exit c-ship than simply being kicked down the road for another time.