Fannie Mae Preferred S (FNMAS)

[jwnoble3]

RE: Do you guys think a 4th amendment that has the equal or better terms than the 1st and 2nd will make the lawsuits - moot?

I've always believed a 4th amendment could make most of the lawsuits moot. The damages suit for the conservatorship action is a separate issue (may continue on, litigation for very long-time and they would mostly be suing TSY, FHFA, maybe GSEs (it would be a stretch to sue GSEs for the conservatorship action).

FHFA and TSY will act as needed (speed of repayment and within legal contract terms). They are autonomous from the whims of individuals in congress and their past actions have shown they will not bend to all political pressure. Look at Demarco's record on many issues that were not politically popular (ex: principle forgiveness). FHFA and TSY only seek advice as needed from the Senate, but do not have to follow it.