Fannie Mae Preferred S (FNMAS)

[jwnoble3]

I do not like these lawsuits either and the timing of them. Would have been better to wait until zero owed by at least one GSE.

I always thought Congress would sit on their hands and that FHFA & TSY would need a 4th PSPA amendment at the zero mark. If a 4th amendment to the PSPAs were to be written (allowing shareholders to participate in the recovery/profits) would likely remove a great deal to litigate over.

Now these lawsuits may spur congress to do something...

Holding for now