Fannie Mae Preferred S (FNMAS)

[rosen62]

Perry's case is "clean". Unlike Fairholme's.

The latter will get even messier. I have followed the whole WAMU soap opera in bankruptcy court and recall the judge decided for a middle ground discovery scope, enough to satisfy both parties.

Hopefully, Judge Sweeney will favor broad discovery and broad depositions. Berkowitz seems to know where to look and who to depose. Even then, it is almost a sure thing the government will continue to throw wrenches in the works making the process difficult, at best.

Thanks 44.