Fannie Mae-No Politics (FNMA)

[Lajrchamp]

What makes you think that the Supreme Court's decision will have anything to do with the warrants? The plaintiffs encourage Treasury to exercise the warrants as part of its preferred remedy.

Good point. Let me say first, there's a difference between what I wish and what I think. I think the Supremes cancelling the warrants is complete pie in the sky, an extraordinary remedy to punish the government for acting in bad faith. I honestly believe if the conservator was a private actor he'd be in a prison cell right now.

But honestly, canning the warrants ain't about to happen. The Supremes aren't in the practice of giving relief they aren't asked for (which is why I see no direct benefit to the shareholders), but a guy can wish.