Replies to post #4844 on Fannie Mae Preferred S (FNMAS)

[taintedfud]

'I say anybody can bring a lawsuit and claim anything. But, a class of stock is still a class of stock. Plus F&F are in conservatorship, DeMarco is supposed to preserve the assets. And who owns those assets?'

any suit will be thrown out if harm of an entity cannot be shown. until tsy or smbdy does something to common and pfds or their holdings, no harm. no suit to stick. aig had a case, cause stuff got changed.

[Letgoofmyfannie]

It will be determined that it was a taking under the 5th Amendment.

GSE shareholders were not allowed to vote. I was holding the Commons and wasn't asked to vote.

[woondedeagle]

Great point, Camaro.

[rosen62]

You got it right.

It is the outcome of the lawsuit that matters, not who initiates it. Say, there is a class action regarding the preferreds and the outcome is that holders must be made whole. That would mean that ALL preferred shares should be priced at full value no matter who holds them or since when.