Fannie Mae-No Politics (FNMA)

[YanksGhost]

I think you missed my overall point. If the SCOTUS rules that HERA must be voided, which is my hope, no agreement signed by Lockhart is valid unless he declared a receivership... which never happened. In such case, the entire SPSPA is voided along with HERA. The GSE Act is quite clear on receivership i order to declare a critical under-cap rationale for declaring a C-ship.

I would encourage you to rethink your sell by DEC 9th if orals happen plan because by that date the tax loss selling will start to drag all shares into the cesspool. Selling at that time would be an imprudent strategy, IMO. Anyb recovery, especially on JPS, would be better today than waiting so long.

I think the trigger point to be looking towards is the Capital Rule being finalized and some agreement between UST and FHFA on renegotiated SPSP Agreement. Then NYSE uplist notice. Then Consent Agreement, especially if Biden wins. If no progress is made on these, I, too, would consider bailing in advance of the 4-6 month hiatus before SCOTUS rules.

Good luck. This is tough stuff to endure. For me, I am hoping for a DEC decline so I can reload at/near <$1 and make a killing in Spring because I think SCOTUS TO THE RESCUE, especially if Barrett gets confirmed.