Replies to post #482984 on Fannie Mae-No Politics (FNMA)

[Clutch29]

Buyin this stock has been like buyin a 10yr bond that just doesnt pay you when the term is up. We deserve 1000% at this point!

[kthomp19]

Both indicate equity holdings in FNMA and FMCC.

No they don't. Read it again.

Large equity holdings that are not in the 13F report include Fannie Mae (OTCQB:FNMA) pfds (OTCQB:FNMAS), Freddie Mac (OTCQB:FMCC) pfds (OTCQB:FMCKJ),

Then read RuudG's explanation. The (OTCQB:FNMA) and (OTCQB:FMCC) parts were auto-inserted. To make it clear, delete the stuff in parentheses from the quote.

Large equity holdings that are not in the 13F report include Fannie Mae pfds, Freddie Mac pfds,

There is nothing in there to indicate that he bought commons.

I can accept once being the software autocorrecting (incorrectly). If the first was a mistake, I am sure Fairholme would make certain the mistake was not repeated.

It wasn't a mistake at all, just misinterpretation on the part of people who think Berkowitz bought commons.