Fannie Mae Preferred S (FNMAS)

[Letgoofmyfannie]

Hi Rosen, I do not disagree with what you are saying and I've been in these five years in just a month.

My point is that some of us have traded these shares more than others and already done reasonably well; for us it may be time to be self selecting out, no need to wait until the end of the line.

I doubt I would sell all, but if these babies hit the 12 -14 range any time soon I am gonna be smilin'.

I've learned patience is a virtue so I'll wait and see.

I had to work today so I haven't had time to read the proposal. Thank you for your assessment of it and I agree that it is an opening gambit, let's see what happens next.

My guess is our arrogant and dysfunctional government will ignore or ridicule the proposal while declaring their supreme right to do whatever they want. Yup, sounds about right.