Fannie Mae-No Politics (FNMA)

[kthomp19]

Advise to not hold your breath. Even if Lamberth flushes the jury verdict down the toilet, it's not happening.

Exactly. If he was ever going to file a lawsuit using his theories he would have done so by now.

If anyone else was ever going to, they would have too. There is nothing to be gained by waiting.

Talk is cheap. Inactions speak louder than words.

In a broader sense, the Litigation End Date in the January 2021 letter agreement is much closer than many realize. Every single case has so far been a total loss other than the implied covenant jury trial. Once all the appeals run out then the legal avenue to forcing Treasury to work towards FnF exiting conservatorship will be closed off, meaning the only way FnF will ever exit is when Treasury chooses to allow them to. As such, the disposition of the senior prefs would be done on Treasury's terms, which doesn't bode well at all for the legacy common.