Fannie Mae-No Politics (FNMA)

[Wise Man]

LIBOR case: the judge sides with the defendants.
The judge discourages the LIBOR litigation that pursues treble damages in a trial, in favor of a settlement for a fraction of the actual loss incurred.
With words like "complexity", "What loss?" or "difficulty in proving a 16-bank conspiracy".
There is no complexity in the interest-rate swaps. Treble damages are necessary to protect this product in the future (the cause of today's banking crisis with the massive unrealized losses in Debt instruments in the U.S. banks, that remain unaccounted for)
The loss has already been assessed in more than $3 billion in FnF, by an auditor (the FHFA-IG office). Link.
As far as conspiracy is concerned, the intent by a panel of banks was clear and they had an active participation. The fact that the crime existed, is evidence of an agreement.

The $FNMA CEO could be eager to settle the LIBOR antitrust claim with her former employer, $JPM, for peanuts, after watching her very active recently spreading the known lies of "FnF build (regulatory) capital", "FnF have been (financially) rehabilitated", etc., publicly, as FnF would need to be released first, so the managements recover the powers.

This is an excerpt taken from the judge's order that approved the Barclays and Citigroup settlements in August of 2018, in favor of a settlement for a fraction of the losses:


A future court award of treble damages would be recorded as Common Equity (Retained Earnings account). Until then, the existing shareholder doesn't have a legal claim on that amount.