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JOSHUA J. ANGEL
Attorney At Law
2 Park Avenue
New York, NY 10016
Board of Directors
Federal National Mortgage Association
Office of the Secretary of the Corporation
3900 Wisconsin Avenue, NW (MS 1H 2S 05)
Washington, DC 20016-2892
Re: Fannie Mae Board of Directors Fiduciary Duty and Breach of Contract
Dear Ladies and Gentlemen of the Board:
I am an attorney, and Fannie Mae preferred shareholder. My Fannie Mae shares, together
with preferred shares of Freddie Mac which I also own, comprise a significant portion of my personal net worth. I am 80 years old, and these shares — amid recent revelations of Treasury looting — now provide considerable anxiety, emanating in great part from your consistent failure to exercise even a tiny modicum of the fiduciary duty you as directors owe to me, and to the Company.
Read the full letter here . posted in Yahoo message board.