Fannie Mae Preferred S (FNMAS)

[thewhale]

Sweeney is granting extensions - whether granting these delays is truly justified, I don't know. The result is that the can get perpetually kicked down the road on litigation that's already over 2 years old and in discovery.

Meanwhile, the net worth sweep continues. If the results Starr got in Claims Court are any indication, a successful verdict may not involve damages. It may just stop further sweeps. I don't know, just looking at Starr.

In this sense, Claims Court is judge and enforcement. In other words, there's potentially an act triggering a compensatory claim in progress (the NWS) and a successful verdict would presumably stop that. The case should be moving along more quickly.