Replies to post #253 on Fannie Mae Preferred S (FNMAS)

[Joe Stocks]

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

Pretty clearly to me it is Romney. We have seen what the dems do. I think FnF will just be adding our profits to the treasury for the next 4 years under Obama. I saw what they did with GM, and you also have a group that can't even come up with a budget. I reallyn think that Geithner sees FnF as already being nationalized. We know from Massachusetts that Romney is pretty good on following through with his campaign promises. I just hope he doesn't do anything too quick with FnF as a think we preferred shareholders will get a better outcome once we the govt has gotten more of their money back.

Earlier 4 cents said;

We've still got a contract and they can't withhold paying our dividends forever.

We have a contract to receive dividends only when they are declared. No profits - no dividends. I think they can withhold paying forever if the issue of where we stand as a company is not resolved. Hopefully we will get a friendly resolution in the next couple of years.

BTW, I gave my website guy the go ahead today to start working on the site for a shareholder association. We tossed around a couple of ideas and i think you guys will like it. It may take several weeks as he has other work and I have to get the legal stuff done. Stay tuned. I will be giving updates on my website.