Fannie Mae-No Politics (FNMA)

[obiterdictum]

1. Someone is paying for the Fairholme suit. I can only logically assume that would be Fairholme. It could be on contingency, too, I suppose.

Not sure? See: http://gselinks.com/Court_Filings/Fairholme/13-465-0001.pdf

2. Fairholme is a major Wall Street player with expressed designs on taking over and privatizing Fannie Mae's insurance business. Whether that qualifies for them as a hedge fund or not gets into corporate structuring that is beyond my level of interest.

The Fairholme Funds, Inc. is a mutual fund. A mutual fund is functionally, operationally and organizationally different than a hedge fund and is regulated under different laws. See: http://www.fairholmefunds.com

What is the difference in meaning between a proposal versus a take over?
See: https://clients.fairholme.net/GSEProposal_11_11_13.pdf

3. I have no view on how many hedge funds have brought and paid for legal complaints before a US Court.

A view is not required. The number of hedge fund participants is an empirical observation.

4. I frankly do not see why I should care about that.

This matter was raised in this post - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=127211254, and by own admission, in previous posts.

5. Maybe you could explain why that matters.

Three questions of fact were asked:
* Is the Fairholme case paid for by a hedge fund?
* Are the Fairholme Funds hedge funds?
* Considering your late review, how many hedge funds have brought and paid for legal complaints before a US Court?

Opinions and views were not requested and why questions were not asked.