Replies to post #247 on Fannie Mae Preferred S (FNMAS)

[CatBirdSeat]

So, who is better for us preferred GSE holders? Romney or Obama, or does it even matter? And why?

I've thought that it didn't matter too much given that both parties have dipped their fingers into the GSE wallet over many years.

[brandemarcus]

The Republicans don't see fnf as private companies. They see them as a big mistake and a home for ex-democrat politicans and lobbyists. They are sore at them for excessive political influence until 2008. They want to wind them down quickly before they can earn enough to pay back the government. Geithner got flack from Bacchus for even thinking about reducing the 10% dividend.

Both parties are not going to respond to the rights of shareholders. The only small thing in our favour is the ownership of the jr pfd by small community banks ( multiplier effect on bank's capital). The most important thing is that fnf pay back the taxpayers and get credit for doing so. If FNF don't payback the taxpayers net investment it doesn't matter what a shareholder's organization does or not. If you want to advocate for something than push for FNF to be treated the same as C, AIG. If they payback the taxpayers then they are released from government control.

You might also advocate for the accounting reserves policies to be the same as the big banks or the mortgage insurance companies.
There should also be compensation to Fnf for taking the infrastructure of FNF for the new mortgage system.