Replies to post #2604 on Fannie Mae Preferred S (FNMAS)

[dpsimswm]

My Source for 6 Years S of Limits
http://finance.yahoo.com/mbview/threadview/;_ylt=AsSXev3YFoazb8or23gBSZoLH4hG;_ylu=X3oDMTFpMzg3Mml2BG1pdANNZXNzYWdlIEJvYXJkcyB3aWRnZXQEcG9zAzMEc2VjA01lZGlhTXNnQm9hcmRz;_ylg=X3oDMTFlamZvM2ZlBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdAMEcHQDc2VjdGlvbnM-;_ylv=3?&bn=b8ab95f1-047c-3b34-92e2-78020dd27b14&tid=1285202731000-0e0b17a7-5938-320e-aefe-120236baf141&stb=n&lv=e&la=t&tls=

[44centsAKAchoccake]

There hasn't been a taking yet (unfortunately). Our dividends are noncumulative.

They were justified to cut them off. They will need to restore them soon, once taxpayers are mostly paid, say in two or so years.

[Joe Stocks]

I understand the 6 year statute of limitations, but that is a defense for the defendant. The plaintiff has to file a claim first within the statute of limitations. We the shareholders I am assuming is the plaintiff. However, I do not know of a lawsuit that has been filed yet by the shareholders. Seems to me the burden of filing a claim within the statute is our responsibility.

Six year statute of limitations means resolution before Sept 2014, otherwise this goes before Supreme Court and it gets even messier.

Personally I don't think we have a claim on the September 7, 2008. action. The US Treasury action as approved by congress put us into conservatorship due to the many knowns and unknowns of the financial crisis. I think we would have hard time arguing against that case. The only issue there is that I think the terms very punitive and onerous.

However, I truly think that the August 17th, 2012 action by our conservator as demanded by the US Treasury is cause due to the misuse of power.

Thoughts?