Fannie Mae-No Politics (FNMA)

[nats1]

Patswil - I have said previously that the SC case could be a game changer - but mostly to the bigger issue of whether what they did in the past was unconstitutional - see David's comments about this - I think they start at 21 minutes. I agree with what he said about the 2 issues - the first was whether a director could be removed at will rather than for cause - its possible that the court will rule that the director can be removed at will; but then Gabby chimed in and asked about the second more sweeping issue - about the structure of FHFA and about the past actions - including the NWS - whether they are constitutional. I agree with David that its a stretch - but the issued is on the table and if the court rules for the plaintiffs this can't help but speed along a settlement. I could be wrong and agree its a long shot. We will see very soon.

Nats