Replies to post #601970 on Fannie Mae-No Politics (FNMA)

[Louie_Louie]

I'm not condemning anyone from making money! Pref's and common are in the same boat and should be treated the same. Pref's are hung up on a conversion because they know commons will have more potential after things are more known and accomplished. Aka release

Pref's need to learn to lay in the bed they made. No preferential treatment from government should come into play for release. Only the courts and their remedies should be paid attention to by government.

All things being equal, I want the government to just return what was unfair and release the GSE's as they found them, because they were functioning fine. Pref's are like bonds, and it is in their covenant agreement, knowing they are non commulative, that interest can be turned on and off at will by the companies if capital is needed to meet business objectives.

So, not trying prevent anything, only wanting to see original function restored. Judges are already leaning towards this with their derivative and non derivative claims. They are going to find for the companies benefit, not any shareholder class, then let the cards fall where they may.