Replies to post #13365 on Fannie Mae Preferred S (FNMAS)

[feralcomprehension]

Make no mistake; I'm long and strong, deep in the Hero or Zero camp. Despite my public promise to myself to sell the rip this time I haven't been able to do it.

[rosen62]

my 2 poor cents regarding beating the gov...

A former boss who used to work with a federal prosecutor mentioned many times that it wasn't easy to defeat the government. His reasoning was based on the common fact that the government has "unlimited resources". According to him, only reason, as the government does not have the best and the brightest. So old and young attorneys will continue to pass on this "fact". The idea that deep pockets always win.

Yet, the notion of unlimited resources could also be just a myth. "Their" unlimited resources as for the most part taxpayers'. It won't take much to spark a media/public outcry if the government really decides to waste taxpayers' money in an unlimited fashion in a prolong legal fight against hedge funds.

So there goes their unlimited resources.