Fannie Mae-No Politics (FNMA)

[The Man With No Name]

Hi No Name,

Our fate rests with Secretary Yellen right now and whoever is the next UST Secretary - maybe Vivek? The Civil Division of the DOJ will do whatever their client tells them to do ( right now Yellen) and they know they cant prove their case in court on the facts ( like Lamberth Jury determined) and that is why they are fighting so hard not to have a case go to trial. Practically the Comptroller General will sign off on reasonableness behind the political/policy decision.

Again there is no bankruptcy because the US Bankruptcy Court does not apply. The DOJ can prove their case in court so they will advise their client to write down the SPSA if the decision is ever made to Exit Conservatorship. Whatever is needed under 902.1 will be a perfunctory process.

Me: "Have you even read the statute"? You....obviously not.

FYI, I was part of a settlement for right at $190M that the Attorney General had to sign off on. It took years. We are talking 1000X for FnF. And you think it will be a perfunctory process!!