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Annaly Capital Management, Inc. Message Board

nautibm 1 post  |  Last Activity: Mar 18, 2014 2:34 PM Member since: May 17, 2002
  • nautibm by nautibm Mar 18, 2014 2:34 PM Flag

    If you are going to trade this trash, you should at least look at the federal lawsuit filed last summer by Perry and Fairholme hedge funds. It is an 87 page complaint full of very revealing disclosures of how the Treasury Department without congressional authority has already started liquidating Fannie and Freddie to the exclusion of preferred shares such as FNMAT. That lawsuit may take years to wind its way through the District Court and appellate courts, but with Congress discussing dissolution and the Treasury Department already dissolving these agencies, you should at least know what is going on, in the event you don't already.

NLY
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