Fannie Mae-No Politics (FNMA)

[Commons_Cancelled]

It will be dependent on how SCOTUS rules (assuming this isn't settled beforehand). SCOTUS could just make Calabria removable at will and say the NWS is not ultra vires. Would Commons go up in that scenario?

There seems to be a Common misunderstanding of what SCOTUS can actually do. Thankfully, December 9th isn't far away and the GSE's 1-hour of Glory will quickly come to a conclusion.

Then, it'll be up to the SCOTUS judges to determine what needs to be done. They won't be taking into account Tim Howard's Amicus or any other briefs,. It's their job to interpret the law as it was written, not to listen to other's input.

What they decide won't be able to be challenged and everything will be set in stone at that time. Including shareholder's fate, to a large degree at least.

Let's hope our Lawyers are ready to cover absolutely everything in those 60 minutes