Fannie Mae-No Politics (FNMA)

[Potty]

Not sure if you guys read the full judgement. I did.

The point is that the court found that there was a cognizable property right that could be the basis of a takings claim against FNMA even when under the control of FHA and with HERA in operation.

The court then gave other reasons why there could not be a taking for this gentleman given his circumstances and the facts about his claims in this case.

SO... the court implies that nothing precludes a takings claim being brought against FNMA under control of FHA even with HERA operative. (And by the way the judgement clearly takes FHA to be running a conservatorship of FNMA - they say that.) Hence the basis of Lamberth's dismissal looks like it is contradicted. There can indeed be a question of whether there was a taking by FHA and Tsy against FNMA pfd and stock holders.

That is my quick and dirty, best, potty