Agree, we need to apply pressure to Treasury/FHFA/Administration as a group. Threaten them with voting/not voting if need be.
I see this phenomena on most message boards. Investors would rather argue with each other than try to make real change. Or they take one position and defend it to the death, in spite of changing events. We are all guilty of this to some extent.
Crypto, if you think that En Banc will change everything, why sell preferred now? In fact, why sell at all? Just a couple days ago you were calling for the En Banc ruling to be released on 7/17, but it didn't happen. Are you thinking that it could now for some reason be months before en banc ruling is released? If so, why the sudden increase to the timeline?
If your holding a long position, buying on the dips, adding when you can, playing your gut. Who really cares who is shorting. That's helps with the adding. We will have our day!
Don't forget to give Blind Sheep Investor many Thumbs Up on YouTube and Retweets, a Number One Hit Song will get America dancing again:
Fanniegate Blues #5: E for Evidence
E for Evidence, Fan & Fred didn’t need no bailout E for Evidence, Fan & Fred don’t need no stinkin’ bailout Assumed insolvent by worst case book-loss, oh look out!
Banks dumped bad loans on Fan & Fred with high default rates Banks dumped bad loans on Fan & Fred with high default rates As private mortgages dried up and folks were forced to rent
Banks are far more risky, while Fan & Fred are good to go Banks are far more risky, while Fan & Fred are good to go Look up the carnage at Deutsche and Wells
Fan & Fred had no minus cashflow in the Housing Crisis Fan & Fred had no minus cashflow in the Housing Crisis Congress erred passing HERA, now Treasury acts like ISIS!
Dear Mr. President, I hope this letter actually makes it to you, and I will keep it brief. Something you said in some of your recent speeches really stood out to me, and that is "American will never be a socialist country."
That statement crystallized the main reason I voted for you; to preserve what our great country is all about. As a common shareholder of Fannie Mae and Freddie Mac, I have grown deeply disturbed by the complete disregard for our Constitution in how the conservatorships of these companies have been handled (and some would argue that they should have never been placed into conservatorship at all), how 100% of their profits are to this day being swept to the Treasury, and how their conservatorships are still in place when the companies are thriving.
I appreciate that this is a complex situation to properly resolve, but I ask that you consider the shareholders when signing off on the reform plans. There are tens of thousands of shareholders out there that have been through hell and back with this "investment" and deserve to be made whole. Show them that their hard earned money and patience that they invested, mainly on the basis of the Rule of Law prevailing in this country, will be rewarded.
Most importantly of all, let our country not become a socialist country in which assets of private companies can be stolen by the government. I believe this is actually a defining moment in our country and will set precedent for the future.
Indeed we should sue the Gov because they need pressure to move on. I would suggest we initiate a lawsuit for the failure of fiduciary duty...and every shareholder will give 10 shares of FNMA AND FMCC for funds of the action !