Replies to post #780540 on Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

I'm sure Janet Yellen and the UST could end this 16th year of Conservatorships, but will they, we will know within the next 9 months, otherwise on to year 17...

Senate Banking Committee hearing:

Senator Haggerty: "Director Thompson, what are your plans for ending the Conservatorships?"

Director Thompson: "We're waiting for Congress to decide the future of the US Housing Finance Market."

[clarencebeaks21]

The terms “illegal” or “unenforceable” have very specific meanings at contract law, and they carry equitable remedies, not monetary.

Lamberth’s verdict for breach of implied covenant of good faith and fair dealing does not fit either term’s meaning, and was for a monetary remedy, to boot.

[chxal]

This provision has been under the radar but on my mind since the 8-0 win in the Lamberth case. Maybe he knows that the only damages must be declaring that the SPS is null and void, and ergo the SPS and Warrants will no longer exist? Think about it, SPS and Warrants disappear, and immediately we have $300+ Billion of equity spread between the companies' preferred and common shares??
Wowsa!