Replies to post #11291 on Fannie Mae Preferred S (FNMAS)

[jwnoble3]

Thx Taint. Sorry should have read ICBAs member banks joined any lawsuits. From what I've read, I saw mostly hedge funds, mutual funds and pension funds listed.

I keep wondering why these ICBA member banks have not taken legal action. They took substantial losses on these GSE securities they were encouraged to buy and hold as tier 1 by regulators.

Without them, the 2005 and later GSE pref offerings would likely have been under-subscribed.