1. Why do you think Fannie Mae waited more than six months after Freddie mac filed a similar suit against more than dozen banks?
2. "Four of the banks-Rabobank, RBS, UBS and Barclays- have reached settlements with regulators in which they admitted wrongdoing and agreed to pay billions of dollars in total." How would you expect such settlements to affect Fannie Mae's suit?
3. How would the alleged manipulation lead to losses for Fannie Mae? Why wouldn't any losses on swaps be offset by gains on the mortgages Fannie Mae was hedging?