Fannie Mae (FNMA)

[Potty]

Lamberth will never hold a trial, let alone give a ruling, if all goes well.

Part of the Big Bang, SPSA amendments, settlement, consent decree, will be a conversion of JPS to move RnR forward and clear deck for new pref and common.

Calabria, as Conservator (and with all powers of board and common holders) will ok the conversion of JPS to settle suits and move RnR forward - alongside Treasury paying back overage...

Lamberth is beside the point, the Conservator is the one who can okay conversion - and Calabria will do that to effect an RnR benefiting all FnF holders whether they understand how they are helped or not

Have a happy memorial weekend...