Fannie Mae-No Politics (FNMA)

[imtheshadow]

Huge favorable decision, BUT, is there anyone besides the plaintiffs (and 10 judges (incl Sweeney)) pulling for us?

This WH/administration has done EVERYTHING possible to hurt current shareholders (continued law suits, block release of 11,000 docs, etc.) AND undermine FnF (support FnF competition, suggest bank-like reserves, etc.) So, yes, the NWS will likely end, but Trump wants a 2nd term more than anything. That suggests to me that he'll totally choose to keep WS/banks happy over maximizing the value of FnF for current shareholders AND even the gov't (warrants) if that helps him get re-elected. Don't think he would short change the gov't to get re-elected? Heck, he'd throw the whole world under the bus to get re-elected if needed (think climate change vs a few coal miner votes). AND, just to be bipartisan, those lovely Democrats who instituted the NWS in the first place (and likely implicated in the 11,000 docs) are just as bad as the Republicans. So, sadly, as much as the en banc decision was great to see, there is a chance that we could have just won the battle on the way to still mostly losing the war. Sorry to sound so negative, but just trying to be realistic (and still holding 50k pre-cship commons). cheers, shadow

PS For all of you who think we have a rule-of-law president, how do you reconcile that with all of the totally anti-FnF actions (or in-actions)?