Fannie Mae-No Politics (FNMA)

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Delay also significantly increases the risk of yet another GSE draw from Treasury in this increasingly unstable global economic environment where F&F are dangerously under-capitalized.

Until we see the "dirt" and a judge rules on it in our favor (and not as in AIG case where judge ruled Gov action illegal however no damage award), it does us no good. It only adds delay, delay for Gov to draw more from the GSE piggy banks, continuation of the GSE capital death-spiral and delay for Gov to continue to move forward their anti-shareholder agenda.

the logic is we got more time for discovery and to read what we have and to depose more people and have more investigation - bound to find more dirt and more dirt - very good for us