Fannie Mae-No Politics (FNMA)

[big-yank]

None of the pending cases are being tried under securities law. These are civil cases being pursued for relief and/or damages.

The first step in the legal process is to determine if any recovery, at all, is appropriate for anyone. Lamberth said no and dismissed the case. Now the appeal is pending. I anticipate no different outcome.

But the most telling thing in the panoply of litigation is that after years of wrangling, discovery and added layer upon layer of new suits from every angle and possible iteration, no judge in any court has seen sufficient cause to schedule a trial and hear the case as charged.

20+ suits, no action. Kinda speaks volumes about how strong any of these cases really are, to me.

I know what I think is fair, and you disagree. There is nothing wrong with that divergence of opinion. Now I am going to wait for the court's decision.