Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

The letter DOES give the 5th Circuit some latitude to right some of the injustices inflicted on the shareholders. Putting the shareholder Plaintiffs in the position they would have been in had the sweeps to treasury not taken place under Watt could be one potential ruling, that is a fairly certain number.

Where it might get difficult is determining the financial damages to the shareholder Plaintiffs from not exiting conservatorship. What do you think the dollar damage would be for that? Determined by the trial court?

It will be interesting to see what if anything the 5th Circuit does with the Collins SCOTUS decision coupled with the letter. We've been burned so badly by the courts already...