Fannie Mae Preferred S (FNMAS)

[rosen62]

The only shareholder was/is the conservator. We and others do not really exist within the HERA frame, except that we are owners of legal certificates that trade in the market and give us a share to the company and its profits. Too bad DeMarco and Treasury allowed the certificates to survive. Big mistake, big disconnect.

This guy is important. He was partly in charge of creating the PSPAs so his declaration is relevant.

All exhibits are here. This one belongs to 27.2. Read his introduction.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=95082211