Fannie Mae-No Politics (FNMA)

[LuLeVan]

I am not a lawyer, and I openly admit that I was persuaded by Kthomp's detailed rebuttal that the payment of Lamberth damages is not a distribution of capital. And he is indeed right that my conclusions based on false assumptions are also irrelevant.

On the other hand, I am glad that now nothing seems to stand in the way of paying the damages.

What I still believe, however, is that the jury's verdict has political significance and could speed up the release.

But, Lulu and Barron and Guido and Wise Man (same person) all think that they agree this is ILLEGAL and now well, $5 by Friday and $365 in a year!

I believe a) that the NWS was illegal and b) that the stated price targets are overly optimistic. I think common shareholders would be lucky to see their legacy shares rise to the equivalent of $7 after recap/release.