Replies to post #756530 on Fannie Mae-No Politics (FNMA)

[FOFreddie]

No Name is confused with the Mootness doctrine and the Major Question Doctrine. I was discussing a potential suit under the Major Question Doctrine. I would expect a MQD suit regarding the LLPA fees once SCOTUS rules on the student loan cases. If the JB Admin tries to use GSE equity garnered through a SPS cramdown as a woke affordability politically motivated piggy bank some major shareholder would have standing and incentive to bring a MQD suit regarding the cramdown. Just a thought but it is as viable as your unabashed cramdown scenario - we are talking at least 20 pct of the SPS Liquidation Pref which will be between 10 to 20 billion at issue.