Fannie Mae-No Politics (FNMA)

[RumplePigSkin]

What seems to be a recurring theme is Treasury and FHFA move to "moot" the lawsuits, but it takes two parties to settle.

Collins, et al, could easily push forward and choose not to settle and demand SCOTUS perform a full review on the NWS and single director constitutionality.

If the gov wants to play ball they need to make it worth shareholder's while.

So Collins, et al, and by default shareholders, both common and JPS, will be fully rewarded regardless of SCOTUS.

The shareholders will also want to confirm nothing like this can happen again and will insist upon reasonable terms across all future topics, e.g., warrants, capital raise terms, etc. because all of these topics affect their investment and will want everything related to government overhang clarified at one time.

Otherwise Collins, et al, may want SCOTUS to weigh in and torpedo Calabria via Seila and obtain remedy for the massive NWS on remand. Arguably, 8 years of lost profits plus damages. Hera could even get struck down since it could be viewed that the agency, due to its unconstitutional structure pertaining only to GSEs, ran amok powerwise.