Fannie Mae-No Politics (FNMA)

[JosephS]

Well. It will be appealed. The good news is that they have already been at the appeals court in Lamberth’s case.

They sent it back on remand for breach of the implied covenant of good faith and fair dealing.

So we know what the appellate court thinks.

Couple that with Susan McFarland testimony saying that she told Treasury and FHFA about the DTA. She testified under oath stating she told Treasury 8 days before the sweep that a 50 billion dollar DTA was coming back in 2013 at a minimum. (It was 60 billion)

Not a recco