Fannie Mae Preferred S (FNMAS)

[Joe Stocks]

I understand the 6 year statute of limitations, but that is a defense for the defendant. The plaintiff has to file a claim first within the statute of limitations. We the shareholders I am assuming is the plaintiff. However, I do not know of a lawsuit that has been filed yet by the shareholders. Seems to me the burden of filing a claim within the statute is our responsibility.

Six year statute of limitations means resolution before Sept 2014, otherwise this goes before Supreme Court and it gets even messier.

Personally I don't think we have a claim on the September 7, 2008. action. The US Treasury action as approved by congress put us into conservatorship due to the many knowns and unknowns of the financial crisis. I think we would have hard time arguing against that case. The only issue there is that I think the terms very punitive and onerous.

However, I truly think that the August 17th, 2012 action by our conservator as demanded by the US Treasury is cause due to the misuse of power.

Thoughts?