Fannie Mae-No Politics (FNMA)

[big-yank]

NO, that is patently FALSE. An appeals court is not obligated to abide a lower court ruling. If it objects, its ruling to reverse stands under court hierarchy, unless further appeal is later filed and accepted. But you are making it sound like the lower court ruling is meaningless and must be discarded. That is absolutely, totally false and frequently not the case. Many lower court rulings get affirmed. Happens all the time.

Judge Pratt's ruling is NOT good news for the Perry Appeal. Neither is Judge Cacheris' ruling.

Those are FACTS.