Fannie Mae-No Politics (FNMA)

[big-yank]

If you are into conspiracy stuff, here's an "item" for your weekend adventures into Fanniegate. There's a lot of mystery around the Michael Sammons/Sweeney exchanges that struck me. First of all, I do not see where Sammons is seeking intervention because of a district court preference. It reads more, to me, like a request for a different judicial arbiter. To me, that could be the SCOTUS. Can't say for sure.

But the most interesting question can be found on page 6 of Sweeney's order #338 and her statement that "Cede & Co." is the "nominal holder of record" for Sammons shares. Therein lies a very interesting and possibly intriguing confluence of connect-the-dots possibilities. Could be nothing more than a broker-to-broker transfer of FNMA preferred shares (as in an inheritance) to Mr. Sammons. But it could have other, more sinister significance in who might be behind an attempt to unseat Judge Sweeney from the Fairholme suit. There is a hierarchy of ownership that approximates as follows: Cede is owned by the Depository Trust Clearing Company. The DTCC is owned by The Federal Reserve. The Federal Reserve is owned by 12 huge Global Banks. Is Sammons a front for some higher agenda than a $1 million investment stake?

I can't say so, but there is a LOT of suspicion surrounding Cede/DTCC that reads like an Agatha Christie mystery. Here's just one eye opener. It is lengthy, but worth the time.

JMHO.