Fannie Mae-No Politics (FNMA)

[DaJester]

There's only one thing that could truly settle this disagreement, which is actually filing a lawsuit. Sound familiar?

Familiar and incorrect. When the GSEs are released, which they will be eventually, we will see what residual value remains in the common. I do not need to file a lawsuit to reap my share of the residual value. Time will tell us more accurately than a court document.

Lamberth clearly disagreed with that last part because he didn't allow any damage models other than the price drop one to be used.

There is a vast difference between harm being done, and being able to calculate damage from that harm. Lamberth was only interested in what can be objectively proved in court as factual. There is no crystal ball of what "could have" been, therefore that harm is inadmissible. It doesn't mean it doesn't exist.

The NWS removed all of common and juniot pref holders' liquidation and dividend preference, and the letter agreements kept that status quo in place. What remains?

The fact that the NWS and Conservatorship will not and can not last forever. The Conservatorship, and the actions such as the NWS and SPS agreements are temporarily suspending common shareholders rights. The rights are not gone, the shares have not been retired nor "taken" or otherwise deemed worthless. They could be - through some future action. But the current trending news is hinting at release with residual value.