Replies to post #677187 on Fannie Mae-No Politics (FNMA)

[FFFacts]

If it is a class action yes all preferred holders would be entitled to dividends if ruled that is what they are entitled to. That does not necessarily mean current holders are entitled to the relief. It could be that shareholders who held during specific times are entitled to the relief, if there is any.

[Donotunderstand]

I feel comfortable that no one is owed back dividends and none will be awarded by any court

It may be that the GOV --- and maybe F and F !!! -(us!!) pay some damage amount to that one last JPS group - but its not dividends it is an award for being lied to

[Robert from yahoo bd]

I haven't really kept up with Lamberth's court cases, I still remember the disappointment of reading his opinion (he is a highly respected Judge) that basically said there is no relief available for shareholders, go write a letter to your congressman\woman....

But from what I understood from Tim P. yesterday:
(1). The case is still alive on at least 1 legal theory (breach of the covenant of good faith in contract law).
(2). Lamberth is not pleased that Mario Uglio deceived a high ranking and prominent federal Judge by stating in a sworn affidavit that the purpose of the nws was to avoid the death spiral and not "salt the earth with the carcasses of the gses".

We'll see what happens, stay tuned...