Fannie Mae-No Politics (FNMA)

[navycmdr]

until the Court (Lamberth Remand) Rules against the Govt (we assume)
and requires RELIEF / RESTITUTION on the remanded items
WE WON on APPEAL (when is next Lamberth Remand Court Date ? ) :

--Breach of Contract
--Breach of Good Faith and Fair Dealing
--Breach of Implied covenant of Dividend rights

We have the (unconstitutional) FHFA Moving FWD on a HERA
REQUIRED RECAP PLAN that THEY ENTIRELY FAILED to DO ...

the GOVT can't END the Conservatorship (get out of Mortgage Business)
until the RECAP PLAN is LAID OUT and APPROVED ...

the GOVT can't even BEGIN RECAP until the NEW WORTH SWIPE
is completely ENDED ... duh

imho - whatever variation of a PLAN is Adopted ... it will be DONE in STAGES
over time- NOT an IMMEDIATE TOTAL GSE FIX

the VERY 1st STEP being STOPPING the SWIPE !!! - Common will GO SUPER NOVA

YES the Preferred will have to be DEALT WITH including

conversion to Common and I HOPE BOTH COMMON & PREFERRED

make a BOAT LOAD of $$$$ ... but the MOMENT the SWIPE is

EVEN MENTIONED to END COMMON WILL TOTALLY EXPLODE .... nuff said