Fannie Mae-No Politics (FNMA)

[401kobessive]

The Governments argument of Safe and Sound because it has the backing of the Treasury is poorly thought out.
The Plaintiffs could have argued that the Receivership clause in HERA proved that it was an option if Capital was not available.
Which is why they need Capital to survive.
The Government makes its case ignoring the original intent to conserve.

First case of its kind.

I think the argument was just simple enough everyone understood it.

The remedy was pretty simple...just an accounting change with no cash out of pocket from the FHFA or Treasury.

I feel pretty good about it...and we will know soon enough.