Fannie Mae-No Politics (FNMA)

[kthomp19]

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.

I completely disagree. There is nothing I found in the GSE Act that contradicts a stance that Lockhart would have done exactly what he did if HERA had never been passed. Perhaps his past actions would have to be ratified, but he's still around. He could just say "yeah, I still would have done what I did" and that's it, conservatorships and SPSPAs stand, case closed.

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.

Any sale on my part would be prompted by the perception of better opportunities elsewhere. If I think something else will go up in price more than the juniors, even if the juniors are at low prices, I will switch to that.

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.

If the SPSPA amendment doesn't moot all lawsuits (except Perry and WF) then they really will have screwed up. That's why I think no FnF shareholder should be rooting for the Supreme Court to make a ruling in Collins because it would be a consequence of a complete failure to launch on the administration's part.