Replies to post #91753 on Fannie Mae (FNMA)

[KylieM]

You imply that the dividends they have been receiving are repayments to the taxpayers, which is unfounded. You, of all the people, should know that lots of reports and officials have stated that the dividends are NOT repayments.

Don’t get me wrong. I’m also a shareholder. In fact I have invested (read: gambled) more than half of my capital in FNMA. I would love to see the company being released from C-Ship. But let’s not lie to ourselves.

Also, don’t forget that once the government’s senior preferred shares are being sold to the market, our common shares will be heavily diluted. $100 is a pipe dream. $15 is more reasonable (considering our pps now should be around $54).