Replies to post #681407 on Fannie Mae-No Politics (FNMA)

[HappyAlways]

I've been disappointed multiple times by the many political reasonings in this straight-forward illegal taking of private property case.

First of all, we need to make sure we are winning. From the oral argument and all the evidences heard so far, we are more than 90% winning this case. If not, what should we do ? I suppose we are already in the worst scenario at $2.3. Should we continue holding the GSEs ?

Second, if we win and SCOTUS simply remand the case back to lower court, what will be the implications to the GSEs ?

I suppose we need to work out the combat strategies for the following scenario:

1. We lose completely. Shareholders have no right to suit, ....
2. We lost partially. MC is removed with some give-and-takes to the NWS.
3. We win completely. NWS is voided from Day-1. LP is zero and refund of NWS overpayment.
4. We win partially. NWS is partially voided, ... etc.
5. SCOTUS ruling is not announced in June.
6. Others

[Lajrchamp]

The Severability Analysis is a little more messy. Remember Sotomayor asking David Thompson, "Why should YOU be entitled to anything just because the Director was unconstitutionally insulated?". Same kind of resistance we saw in the 5th En Banc.

Agreed. I don't think the structural argument matters a hill of beans to the Supremes in terms of them granting any relief. They'll rule the director may be fired at will, but so could the Acting Director who entered into the Third Amendment. IMO that whole avenue of approach is a big nothing burger.

[Brooge warrants cancelled]

I wonder what price target you see with this outcome, and of course warrants getting cancelled as well