Replies to post #822129 on Fannie Mae-No Politics (FNMA)

[DaJester]

Again, breach of contract is not at all the same thing as breach of the implied covenant of good faith and fair dealing. Stop conflating them.
The jury decided that the NWS, which removed all economic rights from FnF's shares, did breach the implied covenant.

I've said before - it's just easier to type "breach" than "breach of the implied covenant of good faith and fair dealing". You may want me to type it out every time. But you are not the boss of me, narcissist. And you don't type it out fully every time either, as directly quoted above. Hypocrite!

After the NWS was signed, reasonable shareholder expectations got reset to "shareholders get nothing ever". How is that even possible to violate?

Geezus how does this even make sense? If a "reasonable shareholder" expected to get nothing ever simply because the NWS was signed, why on earth would they have brought a lawsuit? Ahem.. Because it's UNRESASONBLE you nitwit! And they were right, because they won. Your argument doesn't hold up to even light scrutiny.

Additionally, the conservatorship is not intended to last forever, as said by various official sources. Therefore, a reasonable shareholder would assume the NWS would end at some point after Treasury has been repaid. Because you can't NWS a public company. That means there is future economic value in the shares. Basic logic - try to use that big brain of yours.