Fannie Mae-No Politics (FNMA)

[YanksGhost]

This message leaves me totally confused.

1. There is no pending suit from "Washington Mutual."

2. There is a suit pending from "Washington Federal" which is a class action for shareholders pre-conservatorship in 2008.

3. The Washington Federal suit seeks approximately $41 B for affected class shareholders and seeks no remedy concerning warrants.

Any judgement in this litigation would appear to have no impact on currently traded shares of either common or JPS shares.

Why do you state: "The common shares will open sharply higher today"?

And why do you state: "The warrant will NEVER be exercised" when this litigation has absolutely nothing to do with warrants that remain valid under the SPSPA until 2028; please note that this suit does not seek recission or modification of the SPSPA.