Fannie Mae (FNMA)

[Chronic The Hemp Hog]

After an unfavorable decision on the unconstitutional funding case before the 5th (or is SCOTUS?) I don't realistically see much hope left in a path forward through the courts. There may be other cases still pending but most of the larger ammunition will have already been spent. At that point the best path forward would be through the ratings agencies (Moody's etc..). I suggested this before shortly after SCOTUS ruled last summer that the shareholders have to suggest, lobby, coerce, the ratings agencies that these are now nationalized companies and the debt be put on the books of the USA. That will light a fire under the government ass to start doing something but still leaves room for uncertainty. Without any impetus the government bureaucrats will do nothing except to move goal posts for capital standards so as to always make the GSEs look undercapitalized. Effectively always keeping the lock on the lockbox.