Fannie Mae (FNMA)

[Potty]

Earliest we hear whether SCOTUS takes the case looks like March 3rd. THAT would really change the calculus...

But, assuming an administrative route, how can Treasury secretary deal with suits?

Can the Treasury secretary move forward WITHOUT a settlement with the shareholders? That settlement will take some time and, without a BK court or congress, could not be imposed -- except perhaps under HERA by FHFA. But then we go back to whether that is constitutional or legal...

Would Treasury secretary have move forward without ALL shareholders dropping suits? How could Secretary get all shareholders to drop suits? (Even if you say you only participate in new situation if you drop suits, that still allows a hedge fund to soldier on with suits in hope of exponential payout..)

Curious to hear what people think... I should say I think we get Treasury secretary/FHFA going a Moelis-like route BTW some time this year - maybe second half