Fannie Mae-No Politics (FNMA)

[Sogo]

But that's difference to logical people. We're talking about politicians here. Also GM was a non-gvt-sponsored corporation. FNMA is a GSE, backstopped by the gvt from its inception. Because of these things, perhaps the comparison to the restructuring of GM will not help us predict much here. Sure fnma is profitable, but that just means more greedy hands will be in on the restructuring negotiations, which also means that common shareholders' stakes are endangered, especially since we are officially unable to have any vote or say of any kind. They locked us out of those basic rights, so why should we not fear they could do worse and wipe us out of our shares entirely?