Replies to post #353146 on Fannie Mae-No Politics (FNMA)

[big-yank]

I think you can rest assured that every attorney in every active case pending is aware of the 9th Circuit Court of Appeals ruling. The reason it has created very little enthusiasm is that in practical application, plaintiff's might have the right and distinct privilege to sue the entities in which they own equity for damages that would only serve to deplete the company's equity further were they awarded damages. Those claims would not be assessed to Uncle's deep pockets.

Fannie directors have director's insurance, so they don't care.

Ho hum. Next?

JMHO.