Replies to post #86623 on Fannie Mae-No Politics (FNMA)

[raindancer1]

They can just credit those monies to the principle of the senior preferreds...

[obiterdictum]

I try not to believe anything unless there are facts to back it up. At the moment, the only fact I have is what Matthew D. McGill, one of the six Gibson, Dunn & Crutcher lawyers, said when he was interviewed on CNBC this morning. He indicated that they were prepared to go the Supreme Court vs. the Treasury (- FHFA) since they anticipated that the US Government would fight hard to keep the flow of billions by holding tight to the 3rd Amendment. He is closer to the case than anyone outside of it.

See the video at from 4:30:

Faber asks: Really? You believe this could end up going to the Supreme Court?

McGill answers: In my experience, the government does not lie down and die particularly when $60 billion or more is at stake.

CNBC Morning Report on Perry Capital
http://video.cnbc.com/gallery/?video=3000181231

http://video.cnbc.com/gallery/?play=1&video=3000181274#eyJ2aWQiOiIzMDAwMTgxMjMxIiwiZW5jVmlkIjoiOUNYV25vZnYzdExKRzg0MThZLzFKdz09IiwidlRhYiI6InRyYW5zY3JpcHQiLCJ2UGFnZSI6IiIsImdOYXYiOlsiwqBMYXRlc3QgVmlkZW8iXSwiZ1NlY3QiOiJBTEwiLCJnUGFnZSI6IjEiLCJzeW0iOiIiLCJzZWFyY2giOiIifQ==