Fannie Mae-No Politics (FNMA)

[big-yank]

The only part of the Piszel ruling that I see as significant to the various pending shareholder actions is the court's opinion that not getting an expected stock award was not a taking inasmuch as the Freddie hire clearly knew the risks of going there in the midst of a crisis. This hearkens back to Lamberth's earlier observation that investors clearly knew the risks of investing in regulated entities and elected to do so anyway.

So in this sense, I see the Piszel ruling as more aligned with Lamberth than offering some useful breakthrough for Fanniegate plaintiffs, as seems to be suggested by Investors Unite.

JMHO.