Fannie Mae-No Politics (FNMA)

[Potty]

No judgement today -- they are waiting for the Sweeney docs.

Been saying this, following Ackman, for a month.

It is now very plausible the Appeals Court, for whatever reason (see below), is waiting for the further docs from Sweeney court.

SO:

First, the write of Mandamus needs to be rejected -- and god knows why that court is taking so long, it is a slam dunk.

Second, Fairholme needs to get docs (don't exclude any and all further gov shenanigans to stop this, but Sweeney is trying to put the hammer down to stop this -- I hope she gets to the point of sanctioning some government lawyers since we are at the point of a failure of professional ethics imho).

Third, Fairholme gets the docs to Appeals court.

Fourth, Appeals courts digest the docs and either writes a decision OR incorporates this FURTHER evidence into an already drafted decision.

I think we are deep into January before this all gets done, maybe February.

Is it worth the wait? I think it is. Appeals waiting for docs suggests they are going for remand with stringent instructions or reversal. Either will hugely help the settlement negotiations with Trump/Mnuchin Treasury -- PLUS Appeals will headline the import of the docs for the media, Trumpeting the Obama malefesance... Priming Trump to throw Obama under the bus to justify settlement which keeps shareholders whole... All IMHO

So, no Appeals ruling for a while...