Fannie Mae-No Politics (FNMA)

[imtheshadow]

Very few of the big players ever mention the fate of shareholders. I feel like everyone, including the administration, is waiting to see if there will be any successful challenge to the NWS before committing to a side ... and/or they don't want to reveal their hand for fear of inviting the wrath of FnF opponents or, alternatively, their WS buddies who are shareholders.

Some say the courts have become moot. I say they still hold most if not all of the cards because no one wants to act to only be contradicted by the courts. Even if we get to the point of needing a draw, I don't think that will force anyone's hand - they'll just say "we're still working on reform" as they have for the past 7 years, the PSPA liability will just gets larger - and we'll all wait to see where courts (and discovery docs) take us. cheers, shadow