$FNMA #FANNIEGATE

FHFA, Fannie and Freddie filed a second motion under seal today.  Stanton Jones at Arnold & Porter advised Judge Lamberth this morning:

    (x) one of the two filings is an afer-the-fact written motion for judgment as a matter of law which His Honor denied last week but the trio believes is necessary in case an appeal is necessary; and

    (y) the second is a request to decertify the class because the trio doesn't think it makes sense for current shareholders to recover money on account of the share-price-drop the day the Third Amendment was announced.