Fannie Mae Preferred S (FNMAS)

[rosen62]

This is a must read. Five stars to SA.

Thank you SA!

Here is the link again:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=88796107

"Fannie Mae was a private entity; when FHFA took over as conservator of Fannie Mae, it stepped into Fannie Mae’s private role. In sum, FHFA as conservator of Fannie Mae is not a government actor, and Ms. Herron’s Bivens claim will be dismissed."

Corker should think twice of congratulating DeMarco's role from here on, as he will be celebrating DeMarco's "private role", not his apparent public service.