Fannie Mae Preferred S (FNMAS)

[woondedeagle]

You'e right, LetGo. After almost four years of holding Fannie and Freddie I can get excited when something like August 17th happens, when I got it in my head if we are going down we should go down swinging..

Short of putting together a documentary, and/or talking book, we have few options with much hope of being effective. I remain convinced however, with a certain and well thought out dialogue, and leadership, we could really help define the new face of Freddie and Fannie. Within the realm of a non-profit entity we could taut the positives within a PSA format and display a "paid for by the Freddie Mac and Fannie Mae shareholders association" tag line. The glaring reality is there is only eighteen of us. Eighteen!

Strong and growing chance we are actually going to see the contractually stated RV on our preferred shares without doing much of anything except being patient, which I see as a very good thing.

I'm one of those guys who believes shareholders should have as much power as the executive board, and if used properly we'd have a lot less chicanery and greed and graft disguised as incompetence, which translates to the destruction of shareholder value. That's a rant better served up to common shareholders, the equity owners, not debt instrument holders like we holders of preferred, so I'll tone it down unless engaged on the subject.

Here's hoping we have a great week..