Fannie Mae-No Politics (FNMA)

[ZZ Fannie]

Very interesting ...A random guy named Michael Sammons comes out of the woodwork and directly questions Sweeney's judgment and suggests that she could easily be bought by the government and possibly lose her career if she doesn't side with the Gov’t. In my humble opinion, Sammons could be posing as a “plaintiff” and may be planted by the defense (the Gov’t) to try and dismiss Sweeney from the case indirectly because she is the ONLY judge so far that is making them accountable and she just ruled that these executive privileged documents (and many more from 11,000) are ordered to release IN PHASES. The Gov’t is pushed against the wall and will do anything to save face (re: documents). This may be their attempt to stop the bleeding. On the positive side at the very least, Michael Sammons conveyed our feelings as shareholders to Sweeney. Maybe in some way, Sweeney will realize that this has taken 3 years (way too long) and that we are feeling that she is giving in to the Gov’t’s tactics of stalling too much. So, at the very least — we can appreciate that part of Sammons attempt regardless if he was planted by the Gov’t or not. Thank God Sweeney is still in and told Sammons to go to hell.