Fannie Mae-No Politics (FNMA)

[401kobessive]

Its tough holding a stock that has ran up 1000% over a years period. Some have done that here. You can go back through my history and see where I took my first position in the first quarter of the year. Anyhow, your right about where else are you going to park your money? I would say that it is just as likely to keep going up. I remember when Sallie Mae was released. You will get no warning. It will happen after hours and those out will be missing a huge gap up. The government responded to the complaint filed in court. They would have ignored it if they felt they could. That in itself tells me that they know there is a good chance of loosing this in the court system. I honestly dont think the Government and administration wants yet another folly pinned on their legacy. If you really want to let your imagination roll...think about what the punitive damages the shareholders could receive based on a Constitutional violation of rights. That would make a JP Morgan settlement of 10 B look like pocket change. If you own the shares, you own any damages and rights to those damages. I honestly dont think most (speaking for myself) would be happy with just a release of shares back to the shareholder. I feel we are due a settlement of punitive damages from the FHFA and the Treasury. If I was throwing out a number... I would say around 100-200 billion in lost revenue and opportunity cost just on five years of the wrongful taking. You could easily double that in a punitive phase for settlement. What does that work out to on 1.2 billion shares outstanding? The Government knows alot is riding on this lawsuit. I expect them to come hat in hand soon wanting to settle this and move on.