Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

Normally Gorsuch and Thomas see eye to eye on more issues than not. Here, Thomas in his concurring opinion listed the 4 reasons why he thought the Collins Plaintiffs should lose on remand! Kagan said in her dissent she didn't even think ANY RELIEF should have been given because the 5th already decided that the POTUS had control over the nws given the UST was a cosigner.

If the 5th allows more Discovery Documents to show DJT wanted Mel Watt out on Day 1, but thought he couldn't that may get us some relief. The public comments that BO made regarding his inability to fire Ed Lockhart for not reducing loan balances for troubled borrowers may also be relevant.

In the meantime we beef up the balance sheet with retained earnings building capital for the 1st loss position.