Fannie Mae-No Politics (FNMA)

[Fully Diluted]

Sweeney has judged

What's the point?
Judge Sweeney should examine whether the lawsuits against the US are dismissed in the Court of Federal Claims or whether they go to a trial - it's about the NWS, of course, but also about the Conservatorships in broad terms.
Sweeney's ruling: The case goes to trial.
https://investorshub.advfn.com/uimage/uploads/2019/12/6/kslseSweeney_docket_447.JPG

We have another victory in court. However, once again only partially and "under seal". Sweeney' s reasoning is "under seal" considering documents which are kept secret from the public but are subject of court proceedings. We do not know why the judge made such a decision, i.e. which arguments of the plaintiffs were accepted and which arguments of the defense were refuted. But we know one thing nevertheless:
The subject of the forthcoming trial will be the "derivative claims". The "direct claims" were rejected by Sweeney.

This means that no compensation will be awarded to the shareholders. Under Sweeney, for example, there will be no compensation for missing dividends. This is very good for us common shareholders, as the negotiating position of the preferred shareholders is now weakened in the event of a possible court settlement. It is now unlikely that their preferred shares will be converted into common shares at the expense of the common shareholders, taking into account any dividend payments that have not been made.

We common stockholders do not seek compensation for dividends missed or other matters. We want Fannie to get back the money it paid to the Treasury over and above the original 10% dividend agreement. And if the court judges that even the 10% dividend was inappropriate, it's even better not to say perfect!
All this is now possible. Because that is what derivative claims are all about.

Of course, we don't know our chances because Sweeney's reasoning is unknown. But the fact that she is taking the government to trial speaks volumes.

Things can all go very quickly now - but they don't have to. I suspect that Mnuchin is still waiting for the Supreme Court's response. 12/13? If it accepts the case, Mnuchin will hold still. If not, a settlement with the plaintiffs is getting closer. The SPS could then be deleted here. Because that is what the plaintiffs demand. And we too! (And Mnuchin as well!)

Do not forget: Mnuchin has addressed all these options in his reform plan. And Trump has blessed them...

Sweeney is back! The "mob" will be put on trial. It took her one week to reach a decision. Not 7 months, like the 5th circuit... Hallelujah!


GLTA