Fannie Mae Preferred S (FNMAS)

[rosen62]

I don't have the answer, Beta.

Or maybe I do.

I was just surprised that she did not order the government to supply the hit report "as is" during the conference. Instead, she said repeatedly she wasn't going to issue any orders right at the conference and requested the parties to negotiate. Cooper actually said something in the order that hit reports are non-negotiable (he did not use those words). But made it explicit that it was "de rigueur" procedure. I keep asking myself what was she thinking? Trust the government? Really? If that is what is behind it -trust the government to do the right thing- yes, we are on our own.

This is her illogical behaviour:

The lawsuit is about government overreach. Yet, by not making mandatory the issuance of hit reports the assumption is that government on their own will produce the truth. So are you trusting a government that is accused of overreach? Hello?

The Judge was out of focus. She wasn't in the case. She first "got mad" because she wasn't warned beforehand about the topics that were brought up. Then, she sidestepped the above critical point. And -all in all- caved in to government delay tactics. Her warning at the end wasn't to be taken seriously... if I were the government.

I am still fuming that she laid it out for them. She said something like this "do not leave out documents that should answer the question whether the FHFA is the United States". Now they know EXACTLY what to leave out.

Instead, she should have established a way for this not to happen. Cooper, where are you??