Friday, March 4, 2016

Stocks DD Cites: 80-Year old Shareholder with significant net worth in FNMA writes letter to FNMA Board


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QUOTE

JOSHUA J. ANGEL
Attorney At Law
2 Park Avenue
New York, NY 10016
Tel: 212.592.5912
Fax: 212.545.3497





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


March 1,2016 

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.

QUOTE

 Read the full letter here . posted in Yahoo message board.

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