Fannie Mae (FNMA)

[RumplePigSkin]

Need to rely on the gov and given the status quo, GSE investors have been long forgotten.

It's all about political charity now ... I gave it a good couple years. Onto the next with what was 35% of net wealth down to 25% ... There are other opportunities with shorter time horizons and more clarity ...

Would love to sit down with Roberts, Alito, Kavanaugh and Barret and talk about the prospects of a once private company that had shareholders ever returning to private hands.

At minimum I suspected there would be something about the PSPA and how that needed to be deemed paid, but maybe no other monetary compensation. Sort of let bygones be bygones, but start the clock on the Gov to begin in earnest the plan to exit conservatorship over the next many years.

This ruling is quite astounding ... why did they even take it up ... Seems like Thomas surrendered to the majority for what? What horse trading took place behind the scenes?

Per Justice Gorsuch in his dissent on specific parts:

It’s hard not to wonder whether that’s because it intends for this speculative enterprise to go nowhere. Rather than intrude on often-privileged executive deliberations, the Court may calculate that the lower courts on remand in this suit will simply refuse retroactive relief. But if this is what the Court intends, why not just admit it and put these parties out of their misery?

As strange as the Court’s remand instructions are, the more important question lower courts face isn’t how to resolve this suit but what to do with the next one. Today, the Court sounds the call to arms and declares a constitutional violation only to head for the hills as soon as it’s faced with a request for meaningful relief. But as we have seen, the Court has in the past consistently vindicated Article II both in reasoning and in remedy.