Fannie Mae Preferred S (FNMAS)

[feralcomprehension]

" - it's theft."

It all depends on your perspective. The gubmint could take the position that "Had we NOT interceded the companies would have gone bust and you would have ended up with nothing anyway, so the net result if we run these companies into the ground by 2018 you're in the same spot you would have been."

I'm long, and I'm not saying that the above position is righteous. What I *am* saying is that if you're counting on the government to do the right thing, well.... "Hope is not a strategy."