Fannie Mae-No Politics (FNMA)

[kthomp19]

Think about this: FnF are on the hook for these claims - not TSY nor FHFA. In what world are FnF responsible for what’s happened.

The only claim that was at issue in the trial was the implied covenant of good faith and fair dealing, which only applies to the companies and the shareholders. The only reason FHFA was even involved in the case at all is because it made the decision to sign the NWS on behalf of the companies as conservator. That's also why Treasury was not a defendant and was not found to have done anything wrong.

Now think about this: was it set up that way to test what a jury would decide knowing FHFA would be able to swoop in as Conservator nullifying the jury decision under the pretense that FHFA is conserving FnF assets?

No. The Supreme Court's Collins ruling in 2021 was specifically not allowed to be introduced into evidence. The only things the jury were allowed to see occurred up to and including the date of the signing of the NWS: August 17 2012.

If FHFA nullifies this jury decision after the fact they will have gained two things for free: 1. they now know a measure of public sentiment against the C’ship actions, 2. without ever incurring the risk of Treasury funds or a court loss with direct responsibility attributable to FHFA & TSY’s c’ship actions.

They have those things even if they don't get the jury decision nullified.