Replies to post #12690 on Fannie Mae Preferred S (FNMAS)

[jwnoble3]

It looks like they (Hedgies) only want the insurance. The securitization stays with F&F or gov't or co-op...etc.

Wouldn't that mean the loan loss reserves for the GSEs would follow to the new insurance co.? That is a nice windfall for the new owners.

This does look like a lowball offer.

Any news on the court proceedings yesterday?

[rosen62]

Taint, thank you for being honest. There is at least one member in this forum (or maybe Y or G) that would have pumped the sheit out of it only to inform the board -after the fact- he no longer has holdings or just a few. And it's not Joe stock.

[stockanalyze]

taint, i would not. as i said this morning, what hedgies want, would not happen.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=94001745

it is just a great signal , to say

- hey, you want private capiatl, here it is, give us the organization

- hey, let us take you to the goldmine, you don't want it, can i have it

then the govt wakes up, fights not to give it and screws it up even more and we win in the courts.

what a plot. enjoy.

[frbronfen]

My humble opinion is that I disagree. I had aig prefereds and sold at 19.26 (2010) and I regretted. the preferred aig reached 25. the risk reward is not a reason to sell when you hold the initial approach. the current approach says Professor R. Epstein.