Comments on: Fannie Mae, Freddie Mac Preferred Stock Loss Recovery http://www.investorprotection.com/blog/2009/11/30/fannie-mae-freddie-mac-preferred-stock-loss-recovery/ Sat, 12 May 2012 07:14:57 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Mary http://www.investorprotection.com/blog/2009/11/30/fannie-mae-freddie-mac-preferred-stock-loss-recovery/#comment-16444 Mary Thu, 13 May 2010 13:40:44 +0000 http://www.investorprotection.com/blog/?p=510#comment-16444 A broker at Merrill Lynch advised me to take my retirement account and invest it in Fannie Mae Preferred in 8/08. He said that even if the company fails the government will honor the dividends for the Preferred stock. Obviously, he lied and I have since learned that Merrill Lynch was promoting Fannie Mae Pfd. I have lost what is to me a considerable amount of my retirement funds. Please get back to me and let me know if I have a case. Thanking you in advance for your prompt response. Mary A broker at Merrill Lynch advised me to take my retirement account and invest it in Fannie Mae Preferred in 8/08. He said that even if the company fails the government will honor the dividends for the Preferred stock.

Obviously, he lied and I have since learned that Merrill Lynch was promoting Fannie Mae Pfd. I have lost what is to me a considerable amount of my retirement funds.

Please get back to me and let me know if I have a case.

Thanking you in advance for your prompt response.

Mary

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