Fannie Mae-No Politics (FNMA)

[imtheshadow]

Unfortunately, HERA says "may" (not "shall") re traditional conservator duties, so even though Watt (now) wants to follow tradition, the government's attorney don't, and the appeals court backed them. Lamberth told P's in his original ruling that the law (ie Congress) was the problem with the anti-injunction clause (and making traditional conservative duties optional). Since we know Congress essentially does not read legislation before voting, HERA was passed and here we are. Either Delaware advances (I'm doubtful), the 11K docs have a smoking gun (I'm hopeful) or a miracle happens in the other courts (... crickets ...) - otherwise, shareholders will have little leverage in shaping a resolution. BTW, I hate to say this, but given the truly evil brilliance of inserting "may" for "shall", we are facing a very skilled opponent holding most if not all of the cards. Still holding my 50K/$6ps pre-cship shares and hoping ... cheers