Replies to post #557044 on Fannie Mae-No Politics (FNMA)

[jog49]

"Mnuchin said end of Sweep. I could equally look forward to an end of Mnuchin, the lying piece of swamp scum!

[imtheshadow]

You have been relentlessly optimistic - and that is to be applauded - but I wonder ... what does success FOR CURRENT SHAREHOLDERS look like to you? I see 4 major obstacles to success (sp > $5): 1) ending AND returning sweeps exceeding 10%, 2) reasonable reserves, 3) no new charters/competition and 4) warrants. Since Moelis assumes the warrants are exercised, that might not be obstacle for my benchmark, but the other 3 could easily sink the ship. The law suits, election and new investors will all put pressure on Trump, but the narrative still coming from the WH/Admin. is highly destructive to current shareholders. Are you really expecting the WH to cave - meaning the current rhetoric is just posturing? Thanks for any specifics on how you see this unfolding.

PS given our track record in the courts, and the narrow 9-7 en banc ruling, I not so sure the gov't will feel that they have to settle the law suits to RRR. Compared to the P's, the gov't has effectively unlimited time and money.

[Ace Trader]

YES!!! STAY THE COURSE....
I'm amazing at all the guessing going on this board and all the BS stories. You explained it. Even if SCOTUS did hear the case, Counts 1 & 2 ruling is within the constitution.

http://www.ca5.uscourts.gov/opinions/pub/17/17-20364-CV2.pdf

Count 2, this is what the Gov would go after. But again
Count 2
Second, the Shareholders argue that FHFA lacked authority to adopt the
Third Amendment because its Director was not removable by the President.
We adhere to the panel’s reasoning and conclusion that FHFA’s design, an
independent agency with a single Director removable only “for cause,” violates
the separation of powers.5 In Parts VII–VIII of this opinion, a majority of the
en banc court holds that the Director’s “for cause” removal protection is
unconstitutional.

5 Id. § 4512(b)(2).
6 Chief Judge Stewart, Judge Dennis, Judge Owen, Judge Southwick, Judge Graves,
Judge Higginson, Judge Costa, and Judge Duncan join Judge Haynes’s constitutional remedy
opinion.

SCOTUS will not over turn this ruling! It's never happened before in any case I've looked into. Thats 9 judges clear judgement on the Constiution

Page 6
B
A single Director leads FHFA.14 He is “appointed by the President, by
and with the advice and consent of the Senate.”15 The Director serves a term
of five years, “unless removed before the end of such term for cause by the
President.”16 The Director designates three Deputy Directors.17 In case of a
vacancy in the Director office, “the President shall designate [one of the Deputy
Directors] to serve as acting Director until the return of the Director, or the
appointment of a successor.”1