Fannie Mae-No Politics (FNMA)

[big-yank]

Fairholme attorneys filed a veritable host of motions to appear in the Sammons matter (4 docketed today) in addition to the Roberts matter where another flurry was in play. SOMEBODY is taking this stuff very seriously.

Berkowitz has pending REAL trouble with his huge investment in Sears Holdings and broadly expressed concerns for their ability to survive this holiday season. Can he afford a second meltdown with FnF in the FAIRX portfolio?

I am reminded of the Glen Frey/Don Henly Eagle's classic "Desperado"... much of the lyrical content is highly relevant. "You better come to your senses... (read the rest, if you don't know it from memory).

JMHO.