Fannie Mae Preferred S (FNMAS)

[rosen62]

I agree with your point of view. Yes, Treasury has been acting unilaterally. Let's not forget Treasury sells its bonds to the same market Fannie and Freddie sell theirs. Politicians though probably feel they are between a rock and a hard place: populace may want them to hurt shareholders yet they understand this will have negative, lasting consequences with the same hand that feeds them. In spite of the Corkers of the world claiming 'no more private gains while socializing losses'.

Ultimately, they will have to find a way to kill 2 birds with the same stone and realize that by respecting property rights and the rule of law they are actually making a service to the Nation. The masses can also understand this. But I still don't think commons are the place to be.