Replies to post #614888 on Fannie Mae-No Politics (FNMA)

[chessmaster315]

I dont want further litigation either!!!!
But when I hire a "professional financial advisor" I expect professional results!!!

"IF" Fnma hires JPM and our shares "go to zero", on JPMs advice, then, yes, I will join the lawsuit to sue JPM for damages for faulty advice.
Example: JPM advises FNMA to "drop all lawsuits against US treasury". We comply, the government says, Gee thanks, and continues confiscation of 100 percent of share value, and the stock goes to zero because of no earnings, we could sue JPM for the "potential value" of our shares.

Of course, if FNMA does not follow JPMs advice, then JPM is off the hook.

If I go to the doc, and then go AMA (Against medical advice), I cant sue the doctor.

But, if I follow doctors orders, take the pills he prescribes, and that advice is later determined to be faulty or even deadly, then that doctor can be sued by my family.

It assumes we will follow JPM's financial advice. Yes, we can fire that advisor...but that advisor is on the hook for the quality of his advice.

All JPM has to do to avoid a lawsuit is to make shareholder money!
Its good for us, they are worth 300 billion, its possible their advice could cost us 300 billion.

[Potty]

Yank, are you invested in FnF yet? You hold pref, right?