Replies to post #437372 on Fannie Mae (FNMA)

[kthomp19]

So, in answer to your question, I would say that it is very likely the courts would grant money damages rather than touch the NWS...though not guaranteed.

If the court rulings thus far are any guide, the courts don't seem to want to get anywhere near ruling on the merits of the NWS.

Let's not forget the main reason the lawsuits exist...they aren't suing because the NWS is burdening their way of life here...they are suing because the NWS has cost them money. The courts could decide to remedy this by finding money damages and assigning them to the plaintiffs.

Fair enough. I thought at least one of the plaintiffs had bought in after the NWS, but I suppose their suit would have been dismissed for lack of standing long before now.

When assigning money damages would the courts care about the fate of other non-plaintiff shareholders? It certainly wouldn't be expedient, but might it strike them as unfair to give money to some holders of FNMAS, for example, and not others?

The lawsuits don't need to disappear. We are only talking about the plaintiff's in the Perry case right now. They can be remedied without affecting other cases.

This is comforting if I understand it correctly. One dark scenario has all the plaintiffs being handed money damages and non-plaintiff shareholders left with no outstanding lawsuits left and nobody to fight on their behalf. It has been nice riding on the backs of the plaintiffs and their lawyers thus far, I have to say.