Fannie Mae Preferred S (FNMAS)

[feralcomprehension]

OK, sure- I can accept that in general it's tough to beat Uncle Sugar in court, but it must also be admitted that in general the gubmint doesn't act quite so egregiously.

From a rational perspective it would seem we can't lose, but from a pragmatic perspective it's obvious there's more in play than shareholders rights.

So we wait.