Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

Well it has taken years of Discovery and Litigation (which ain't easy when Uncle Suggy with his unlimited resources resists at everything). The 5th Circuit EnBanc Panel of 16 Judges (that's AT LEAST 16 LAW CLERKS TO HELP AND LIKELY MORE) gave a pretty well reasoned 190+ page legal analysis (as well as some of the other Federal Courts) on why the "may benefit FHFA" in HERA does not give the FHFA Director the green light to implement the nws.

The arguments by UST and FHFA that ONLY the FHFA can sue itself also seemed to be effectively shot down by a well legal reasoned opinion from the 5th Circuit EnBanc Panel ruling and I believe some other courts as well. Same too as well for the derivative and direct claim issues and the bogus business judgment rule advanced by UST.

I like the Plaintiffs Collins legal posture and we will just have to wait to see how exactly they rule, if we win on all 4 of the points above, the Government will be running out of options!

We'll see what happens!