Replies to post #43 on Fannie Mae Preferred S (FNMAS)

[rosen62]

Yes. But unfortunately I do not think the AIG preferred situation can be extended to us. Theirs, were never part of the picture. I remember someone saying in the yahoo board that AIG never stopped paying dividends on them, unlike our case. We were nuked by Paulson as part of a political plan/vision.

I think our best bet is Milstein's words: "AIG is no longer too big to fail". This, if you think about it, has a strong political component and has to strike a chord in Congress.

It does look like DeMarco believes that FF can still be part of the mortage/re picture post-conservatorship. What is not so obvious is how our shares are going to be handled or how his vision may impact us.

I continue to believe that government will accelerate their unloading from corporate America and eventually we will be the last man standing. In this regard, I think they will pass the ball to a 3rd party and whatever we are hoping for will not come from the government. Both Dems or Reps will refuse to be seen as equity saviors. Haven't sold any of my shares though.