Fannie Mae (FNMA)

[jeddiemack]

Rek,

Have to disagree with you here.

You've stated that "witholding funds would be a breach of contract" and that he would be fired next day for "cause" because of the breach of contract.

Breach of contract is a legal thing. FHFA/FandF would have to be sued for this. They'd then have to be found to be in breach or "guilty" if you will, of it for it to be Breach of Contract (or admit to it). Until then, its just an allegation of Breach and an allegation of that is not "cause". But, as we've seen Watt could assert many defenses and the discovery alone could take 4-5 years to play out; after first exhausting many rounds of motions along the way HERA is written.

So, its not as easy as you write.