Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

This needs to be filed under irrelevant! Litigation involving over $308 BILLION DOLLARS against the federal government won't be settled overnight.

Charles J. Cooper of Cooper and Kirk successfully litigated a win for the S&L industry from government overreach during the S&L crisis of the 1980's.

https://en.m.wikipedia.org/wiki/United_States_v._Winstar_Corp.

Inertia is the status quo in DC and while affordable housing and racial equity are important for this administration they can no longer tap the gses as a source of funding because of the cash sweeps and LP for the last 12.75 years as well as all the uncertainty surrounding the cases in the federal circuits.

I think it will be a given that both parties will continue the fight in earnest and on Friday we will see more posturing by each side and David Thompson will likely ask for expanded Discovery to include all periods and intra governmental communications involving a confirmed director.

In the meantime we build capital.