Fannie Mae-No Politics (FNMA)

[big-yank]

I think everyone is missing the real point. Pagliara vs. Freddie was NOT an ultimate lynchpin case, nor is the Pagliara vs. Fannie case that will now inevitably be tossed. The point is that the Freddie dismissal was issued by Judge Sleet, the same Delaware Judge that will rule on Jacobs, Hindes in the very same courtroom on many of the same issues. Denying Pagliara access to the books only matters in the rationale for why this decision was rendered. That part is HUGE.

Read Judge Sleet's opinion memorandum. He says HERA legally stripped shareholders of any rights. He also cites judicial protection. He states that Pagliara as a shareholder has NO RIGHTS because they were all transferred to FHFA.

This decision is a bonecrusher to every other pending shareholder litigation and will be cited as a precedent in all of them, likely reinforced by a subsequent ruling in Jacobs, Hindes. It's just like watching a line of dominoes start to tumble... Lamberth, Wheeler/AIG no damages, consolidation, Judge Thapar recuses, dismissals,delays and a once thought dead case against Freddie reinstated in Cincinnati Fed Court, Pagliara vs Freddie bazooka'd... and Jacobs, Hindes soon to be decided by the same judge that ruled to dismiss, yesterday.

JMHO.