Fannie Mae Preferred S (FNMAS)

[rosen62]

"it almost certainly will be a class action suit".

This is strange. I always thought that suits looking for a recovery from losses had to have a "prior event of a hit". I hope a class action lawsuit never happens because in that case attorneys will select a time period for the "hit" event and none of us will be part of it. Taint, do you own some of these preferred shares prior to conservatorship? That is the "hit" event.

Unless the outcome of that suit is that the Jrs. must be valued at face. or dividends restored or shares redeemed and all these in their totality of all classes, we may be negatively affected. Like if there is a settlement out of court. Or a negotiated in-court settlement for those part of the class action.