Fannie Mae-No Politics (FNMA)

[navycmdr]

jtimothyhoward - OCTOBER 4, 2022 AT 11:51 AM

Ron–Judge Lamberth explicitly HAS allowed loss of value damages
to be claimed (assuming plaintiffs can show that FHFA and Treasury
unreasonably violated shareholder expectations by agreeing to the
net worth sweep);

the question is, how does one define those damages if one can’t argue
successfully that dividends would be turned on at some point absent
the sweep?

That will be up to the jury to decide (guided by instructions from Lamberth),
but without dividends I can’t see how it would conclude that
Fannie and Freddie junior preferred are worth too much
more than they’re trading at now.

FNMAT $3.10 _ -.07 _ -2.21% _ 2,200 vol ..... FNMAS $3.55 _0.00% _ 0 vol