Fannie Mae Preferred S (FNMAS)

[Ace_of_Wands]

Barney, your 8¢ opinion of hedge funds is beat by a 1¢ fact. A share is a share. A simple legal instrument, a very democratic instrument, something this poor college student (5yrs ago) had access to. Provided the facts, I saw the potential for value, and considered it prudent.

Now that my judgments seem to becoming more accurate with every passing month, I become conflicted about the feat of patience I still have yet to complete. I don't care if hedge funds swoop in like vultures right at the end game. They have a business to run, and can't sit on one egg (no matter how much promise inside) for 4 years running. It would make 0 sense.

The fact that hedge funds bought at 8¢, but are entitled, by law, to the value the shares may later represent, should be as irrelevant to you, and our currently elected representatives, as is the fact that said hedge fund could invest 10 mill, where I could only risk 10 grand. It's got nothing to do with who deserves what.