Fannie Mae-No Politics (FNMA)

[bcde]

"I’m beginning to think that the fourth amendment will declare that the net worth sweep is over but stop there. No mention of the senior preferred shares. Mnuchin will leave it up to the Supreme Court to decide. In 4-6 months when they rule the Supremes will say that indeed the seniors are deemed fully repaid. Then Yellen and Calabria have the political cover to finally retire the seniors. They issue the consent decree at this time. I think this is similar to what Fully Dilated from Germany said last night. Thoughts ?
"

The best guess is, SCOTUS and UST/FHFA will do what is the safest and best option. Cancel all amendments and stick to original SPSPA and buy back the warrants at reasonable price. Then release FnF and close the case.