Replies to post #1122 on Fannie Mae Preferred S (FNMAS)

[taintedfud]

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?

not capitalism, but democracy. the plurality in usa believe the earth and mindkind were created 6000 or so years ago. finance and feeding is directed by advertising. elections are now bought and sold to the most money.

i can see representatives of my representives on local issues(the potamic river, overhead flight pattern), but none of the 6 that are close have any influence over fnf(maybe elija cummings?), so i can do nothing. in our system, money buys influence.

then we have the court, which i think is very much out of step with common sense.

i am very worried about the 5th admendment(our backstop for fnf pfds) taking clause, and scalia's decisions on it. he got the vote from the other 4 conservative justices on a couple of ugly takings, where i think the little guys got screwed. although the right wingnuts think this is because of my political views(i a eisenhower republican), it is really about the legal issue as established by the magna carta. (john and the tree and all that)

[44centsAKAchoccake]

I've been giving money to Congressional and Presidential candidates I like and plan to write a letter to them after the election (if they win).

A Congressman that I gave $1,000 to last go-around called me and asked me for $1,000 this time around; I said no way was that happening but I could give him half of that. He seemed happy with that. Anyway, I then told him my big issue was FnF and the importance of preserving the availability of the 30-year fixed rate mortgage, something that would not be available absent FnF. He totally agreed (not surprisingly) and appreciated my comments. Granted, I had just promised to send him $500. lol.

A kid that used to work with me (as a researcher/analyst) is now a reporter/blogger in Alabama (his wife is doing a medical residency down there). Anyway, he called me to help him with a story he was working on. I gave him some stuff to get going with and gave him the phone number of a mentor to get quotes from (I didn't want to be quoted myself because of my employment situation). Anyway, I'm going to send him stuff on the updated FnF projections. He seemed willing to do a story on FnF. I gather he is expected to do three stories a day, so he has a hole to fill each day.

Anyway, I never gave money to a Democrat until I was a FnF preferred stockholder. I got into this when I read in June 2010 that FnF was being de-listed, and bought a lot of shares just before the 2010 elections. At that time, the Republicans were going incredibly crazy about FnF. Their paymasters, the Wall Street banks, won't let them give up on that. Obama and the Democrats are less beholden to Wall Street and the big four banks this time around. I guess the thought police might delete this post, but I think only a fool would say that the value of our FnF is not affected by politics.