Replies to post #245 on Fannie Mae Preferred S (FNMAS)

[44centsAKAchoccake]

I'd have to say that even Romney likely would not hose the preferreds. We've still got a contract and they can't withhold paying our dividends forever. But, with Obama we have the somewhat vague but discernible outline of a trajectory that would be ok for us. Plus, the D's historically have been and still are supportive of social policies that support home ownership.

I don't think that its possible to ignore politics when it comes to our FnF preferreds. That's why they are low as they are, imho. My guess is that good election results and, more importantly, a good 10-Q will lead to some uplift for us. With tax selling it might not be 'til 2013 though.

[Joe Stocks]

business experience does not equate to morals or principles.

And a lack of business experience does? I think the current administration thinks of FnF now belonging to the people. They obviously think that all profits should belong to the government with no mention that they can be used to reduce the principle. I think if this administration wins in Nov us FnF shareholders will be in the same position we are now 4 years from now. I don't see the administration wanting to separate itself from this future government operated ATM. Look what they did with GM. They took it from the hands of the bondholders, and gave a bigger portion to the UAW, the people in their minds. You said something about not making good on a past contract. How about the contract that the bondholders had with GM that was ignored at the benefit of the UAW?

I am also not a friend of Paulson either. Anyone that headed up Goldman Sachs I do not trust. (Something I wrote about GS in 2007 - you'll like this.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=23042983

I think if McCain would have won the Treasury would have us in the hands of the big banks buy now. But, McCain did not win and we go into 2013 as a profitable enterprise. I just don't see a Romney administration sitting on it's hands with FnF like the current administration has. I think we are fortunate that the executive branch gave us some time by doing nothing. But, I think a Romney admin we treat the FnF shareholder as shareholders, and not ignore us like this admin.

Anyway, I probably differ here from most. For the most part I don't think business leaders get to where they are for being bad people. I think we can expect a lawful and practical outcome from the Romney camp. It may be even a little shrewd in our benefit.
Let's hope so.

All and all though I have already started on a FnF Shareholder association to try to better get our message out to whomever wins. I hope when I get further along you will all join and support our cause.

I will be discussing it more in the near future on my website.