Fannie Mae-No Politics (FNMA)

[kthomp19]

Are you suggesting that every action made can or should be reversed since 2008? Or are you talking only about the decisions that are challenged?

The latter.

Your question is a result of a consistent conflation that the respondee is guilty of.

No case, other than Washington Federal, challenges anything other than the NWS. Even WF only can result in money damages to named plaintiffs if class certification is denied, or shareholder of record as of September 5 2008 if class certification is granted. Current shareholders who bought after September 5 2008 cannot benefit from the WF case in any way.

The Fifth Circuit en banc panel already ruled, by a 9-7 majority, that the NWS violates the APA. Contrary to continually spouted common nonsense on the respondee's part, the NWS was not found to be unconstitutional, and the rest of the SPSPAs are not in jeopardy as a result of that en banc panel's opinion.

And, for the umpteenth time, if the NWS is struck down by a court, the rest of the SPSPA stands. Period.

The clause in the SPSPAs that allows for the unwinding of the whole agreement can only be invoked by the Purchaser, which is Treasury. Since Treasury stands to lose hundreds of billions of dollars by doing so, it is safe to say that they will never do so.