Fannie Mae-No Politics (FNMA)

[10bambam]

Carney: Don't buy the dip in Frannie
I hate this jackass


Oct 2 2014, 09:59 ET | By: Stephen Alpher, SA News Editor





The 52-page ruling from U.S. District Judge Royce Lamberth "meticulously demolishes" every argument made by investors claiming Treasury and the FHFA acted illegally when altering Fannie Mae's (OTCQB:FNMA -10%) and Freddie Mac's (OTCQB:FMCC -7.3%) bailout agreement in 2012.
The new agreement, says Lamberth, is clearly within the bounds of authority Congress granted in 2008 when passing a law overhauling oversight of the GSEs.
Yes, Lamberth's ruling doesn't directly affect the dozens of other pending lawsuits, but now plaintiff's attorneys will have to start out explaining how Lamberth got things wrong.

http://seekingalpha.com/news/2012205-carney-dont-buy-the-dip-in-frannie