Replies to post #1121 on Fannie Mae Preferred S (FNMAS)

[europegoodold]

As I can only speak for a one man party, here's my take.

I'm torn:

You don't know if it's possible to move a mountain before you tried.

On the other hand, I don't want to believe that my barking could move the moon up in the sky.

The more the GSE saga continues, the more I'm convinced that on the other side is someone who captured a golden goose -that formerly belonged to shareholders. Until now there's no sign that it will be set free. For me as a foreigner, it's astonishing to see that in a big country like the USA with so much educated people all this can happen without any more public attention. That's capitalism? It's helloween on 365 days a year. If there are ways to create attention (without paying millions for useless adds, without wasting money for lawsuits), that's the question. If you think „no“, of course your opinion will be respected, this is a free world.

My point is: being on a message board like this already means spending time. Just add a little bit more time, and something can be achieved. Each snow avalanche starts as a flake.

Dear Letgoof, you for example talked to people in your local community in the past about F&F and the treatment of the junior preferreds, and after you wrote about it, you got praise that was very well deserved. JoeStocks plans to create a website -why try to make him look ridicolous? There was someone famous saying don't ask what shareholders can do for you, ask what you can do for other shareholders -that person didn't prescribe any ways in detail.

Your last phrase was your first bad joke, and draws a line.

Still:

Peaceout!

[woondedeagle]

You'e right, LetGo. After almost four years of holding Fannie and Freddie I can get excited when something like August 17th happens, when I got it in my head if we are going down we should go down swinging..

Short of putting together a documentary, and/or talking book, we have few options with much hope of being effective. I remain convinced however, with a certain and well thought out dialogue, and leadership, we could really help define the new face of Freddie and Fannie. Within the realm of a non-profit entity we could taut the positives within a PSA format and display a "paid for by the Freddie Mac and Fannie Mae shareholders association" tag line. The glaring reality is there is only eighteen of us. Eighteen!

Strong and growing chance we are actually going to see the contractually stated RV on our preferred shares without doing much of anything except being patient, which I see as a very good thing.

I'm one of those guys who believes shareholders should have as much power as the executive board, and if used properly we'd have a lot less chicanery and greed and graft disguised as incompetence, which translates to the destruction of shareholder value. That's a rant better served up to common shareholders, the equity owners, not debt instrument holders like we holders of preferred, so I'll tone it down unless engaged on the subject.

Here's hoping we have a great week..