Fannie Mae (FNMA)

[Robert from yahoo bd]

This is ONLY a legal action on the breach of the contract between the Corporations and the Shareholders. All corporations have a duty to engage in good faith and fair dealing with their Shareholders.

Corporations that agree to give away ALL their profits into perpetuity violate that contract. Here, the FHFA, acting as the Conservator, allegedly violated that contract.

Damages are limited to the one day drop in share price after the NWS was announced as Lamberth ruled that anything else was too speculative.

The SPSA will continue into perpetuity or until the FHFA and UST decide to release them, if that ever happens.