Fannie Mae-No Politics (FNMA)

[YanksGhost]

This looks like a walkback of Otting's advisory to the court. This looks like hardball, no settlement still pending, fight goes to SCOTUS stuff.

Need to see the full filing to gauge.

The timing of Hume's entreaty to GOV followed by this stunning announcement are not coincidental, IMO. Looks like settlement talks collapsed, GOV said no to an all or nothing deal, so GOV is going to drag this through the mud at SCOTUS for another year or two and leave JPS in limbo as punishment for greed. THERE CAN BE NO RECAP WHILE LAWSUITS ARE OUTSTANDING. TOO MUCH RISK TO INVESTORS.

Blame Wall Street for inability to reprivatize? No a bad campaign slogan to explain why Larry the Cableguy couldn't "git 'er done!"