Replies to post #704000 on Fannie Mae-No Politics (FNMA)

[JOoa0ky]

It is to my understanding that based on precedent from the Meritor case that Hindes was part of... The US govt will be penalized if they lose the case... something to the order of 6% interest per year.

The kicker is that if they settle beforehand... they can nullify that interest penalty.

From how it is looking, there will most likely be a settlement. That's at least where I'm placing my chips. Administrative reform we go.

Brad what's your take on JPS damages

Will any of the JPS at Fannie or Freddie recover any past interest payments
or will it be likely they are just restored due to violation of the contracts.

[bradford86]

Par matters. I think legal is settled in recap terms