Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

I haven't really kept up with Lamberth's court cases, I still remember the disappointment of reading his opinion (he is a highly respected Judge) that basically said there is no relief available for shareholders, go write a letter to your congressman\woman....

But from what I understood from Tim P. yesterday:
(1). The case is still alive on at least 1 legal theory (breach of the covenant of good faith in contract law).
(2). Lamberth is not pleased that Mario Uglio deceived a high ranking and prominent federal Judge by stating in a sworn affidavit that the purpose of the nws was to avoid the death spiral and not "salt the earth with the carcasses of the gses".

We'll see what happens, stay tuned...