Fannie Mae-No Politics (FNMA)

[Potty]

Perry Appeal waiting for Docs -- don't know why people keep saying "will the judgement come today". Ackman suggested last week that it appears plausible that Perry Appeal Judges are waiting for the docs from Sweeney...

So, the Mandamus needs to get rejected, which it will, then Sweeney needs to compel. Docs go to plaintiffs who then need to petition to share with Perry Appeals...

THEN Perry Appeal judges need to look at docs and incorporate into judgement -- so this takes 6-8 weeks at least IMHO.

BUT the only reason Perry Appeal waits for these docs is to use them as a two by four to hit the government upside the head in reversal or remand with strong instructions.

So this is positive IMHO, but judgement will be AFTER docs get to Perry Appeal... or so Ackman speculated and it makes sense of the wait. (It also gives time for settlement etc.)