Fannie Mae Preferred S (FNMAS)

[rosen62]

I think 5bagger is correct. The "ripe" issue is a reference to a particular case (Washington Federal). Check the link by Georgenips (thank you), section IV subs D1 and D2 "Plaintiffs’ Claims Are Not Ripe For Judicial Review".

Simply put, the question of whether the Government has “taken” or “exacted” any money from plaintiffs is not ripe because the issue is “contingent [on] future events that may not occur as anticipated, or indeed may not occur at all.”

The ultimate effect of the conservatorship and Stock Agreements on the Enterprises is unknown, and any loss of share value allegedly stemming from these actions is purely hypothetical and speculative.

At a minimum, the conservatorships must end before the plaintiffs’ claims can ripen.