Fannie Mae-No Politics (FNMA)

[big-yank]

I have no doubt you are 100% correct on suits dragging on for many, many years. The appeals process, alone, can drag on for endless periods before any final judgement is rendered.

The documents are a double-edged sword. In all that paper there are sure to be some lethal admissions about how government behaved behind the scenes. Where there is government, there are indiscretions in almost any area. That is, sadly, the nature of bureaucracy. But "bad press" or "embarassment" to the Feds is not the same thing as legally condemning when measured against any of the claims pending against the government in courts across America at present.

It is possible that discovery could uncover some new claim that could lead to a new suit being filed, but I doubt it. The legal teams already at work on Fanniegate are well credentialed and very experienced in such matters. Then, too, you have issues of new, duplicative filings being rejected by the courts and additional statute of limitations constraints. So I sense your last point represents unlikely outcomes.

JMHO.