Fannie Mae-No Politics (FNMA)

[DaJester]

KThomp, you are hilarious! The one who calls everyone a hypocrite is the one who behaves the most hypocritically.

Ok, sure. Here are my predictions to your questions. These aren't really answers because I don't have a crystal ball.

"If someone really thinks a lawsuit over a certain action would succeed, at the very least they should provide the following information:"
1) In what court would the suit be filed, and why? - Could be anywhere, pick one. One or more may get to SCOTUS again.
2) Which law was/would be allegedly violated? - Depends on future FHFA actions. Another breach of implied covenant seems likely. Could also be a takings. Could be a injunction or prospective relief request to prevent share increase.
3) What would the plaintiffs seek as remedy? - Depends on the suit obviously. Damages from profit sweep to LP. Damages from cash sweep after capital threshold is reached. Could be a monetary remedy or a contractual remedy.
4) Given what has happened in all the other court cases, what reason is there to believe this new suit would succeed? Because one has succeeded.
5) How long would it take, in light of the government having fought every other case tooth and nail, for the suit to ultimately succeed? Don't know, but likely less time than the first win.

Does me answering the above mean you now have something better than a prediction for these questions?
- When exactly will Treasury convert Senior to Common? I want facts and dates, not useless predictions.
- Who is making the plan? Show me evidence that the AIG model is the one being considered?
- What action suggests the JPS will take a 40-50% haircut. I want facts, not predictions.
- Show me where it says Treasury has a fiduciary duty to taxpayers?
- What proof do you have that Treasury or FHFA will not get sued again in the future? (impossible)

Truth is - your answers to these will be no more accurate than my answers to your questions.