Fannie Mae-No Politics (FNMA)

[kthomp19]

I want to see derivative claims challenging the C-ship from inception go to trial.

Such a case does not exist. One would need to be filed first.

Injury beggining with the NWS is a JPS arguement.

And a common one. Several cases challenging only the NWS were brought by common shareholders.

I am happy to see direct claims denied.

The only case to "challenge" anything before the NWS (Washington Federal) is only direct claims.

They said the following in their supplemental brief last week:

the Washington Federal Plaintiffs no longer seek, alternatively, to plead a derivative claim

the Washington Federal Plaintiffs are not objecting to appointment of the conservator and do not seek to unwind anything since the appointment

Washington Federal also seeks to be certified as a class action, but only for those who held common or preferred shares on September 5 2008.

It's quite clear: Washington Federal is a complete nothingburger for anyone who didn't own shares on that date, and they don't actually "challenge" anything in a way as to have it unwound.