Talk about document discovery GLUTTONY! Why would plaintiffs ask for so many more privileged documents in civil matters than were requested in both civil and criminal investigations that took place over several prior administrations going back to Nixon and Watergate, Reagan and Iran/Contra, etc.?
These requests are a witch hunt that has reached extreme, outlandish and ridiculous dimensions that drag down the discussion of matters before the court and consume enormous amounts of time and legal expense for both the judiciary and the taxpayers who must foot the bill for the government's defense teams addressing all these copycat suits in ever-spreading jurisdictions.
This needs to be reined in.
Yeah, yeah,doc, that's all well and good. But weren't YOU one of the super pumpers that kept reveling about Jim Parrot getting investigated for revolving door issues, like that was a good sign for shareholders to have him discredited or censured? Now it looks like he got the shareholders goat.
Why is everything good for shareholders in some juvenile, poorly thought through analysis by you, until later it is discovered that what YOU reported as good news was really BAD NEWS for shareholders?
This is the same kind of cut-and-paste rubbish that got l.sue driven off this message board in disgrace. Shape up their, cmdr,or just ship out and go back to Greenwich Village with your transgender quartet.
No, you just don't get it. They probably WANT to present the info, just behind closed doors. What they don't want is to expose the vulnerable underbelly of a non-reformed or wound down GSE system, with no alternatives developed, while the risk of yet another meltdown and bailout remains alive and well and could sandbag taxpayers with yet another indigestible expense.
Judge MorRon Steal produces the musical backdrop for today's delay, delay, delay reaction to having told off Judge Sleet and putting him in his place. "I, the MoeRon, am telling you how this ruling should go down."
If there were a huge payoff to foreign MBS bondholders to prevent them from trashing FnF by dumping their holdings for pennies on the dollar over the U.S. confirming no effective guarantee on $ trillions in debt held overseas... assuming that happened and might be confirmed in unreleased documents considered "protected" by government insistance, wouldn't that "payment"in whatever form it took become part of the rationale for both the bailout and, late, Amendment 3?
I thought so!
Not just "case over."
"All cases over."
Is there an undiscovered trillion dollar skeleton in the closet, hidden from view for good reason by the government? Could it be within the realm of The Fed and not in Treasury's or FHFA's records vault? Could it prove how broken the Fannie Mae business model truly was? Could it also reveal Fed actions of an enormous magnitude with foreign MBS purchasers that were never reported to or approved by Congress?
And, just for speculation, if some "make good" for government guarantees of GSE involving a payment to foreign governments did take place, wouldn't that amount be part of the bailout above the $180 B? Could that be support for the argument that the Third Amendment is still appropriate because there is ANOTHER amount lurking in the shadows that still must be repaid?
Such weighty questions just give me a headache.
If you can't speak English properly, please either buy a new translation program or just shut up.
TrusTED gets BusTED!
The government, with the stroke of a pen and a check for a buck ninety eight owns 79.9% of Fannie Mae's common shares. Hey, i know. Let's have a proxy vote.
Here is a rough chronology of FNMA S/P in the period leading up to conservatorship. SEP 7,2007: $60.25. DEC 7, 2007: $36.00. MAR 7, 2008: $22.37. JUN 6, 2008: $25.54. JUL 8, 2008: $17.51. AUG 8, 2008: $8.99. SEP 5, 2008: $7.04. SEP 6, 2008 (takeover announced): $.73.
When you look at the S/P walkdown, it becomes clear that the so-called Eton Park short party was a crock; the degradation trend of S/P had been established as foreclosures rose and property values crashed when the housing bubble burst.
Preferred shares have a fixed liquidation preference and value.
Common shares are a bomb just awaiting the ignition. You pumpers are NUTS!
Tim Cook is guilty of treason and aiding and abetting the enemy. There will be a global backlash against Apple products as/if terrorist acts continue to grab the headlines. Apple could easily provide any information that law enforcement or the military requires without revealing the mechanism used to retrieve the data. Just give them the facts needed. No need to compromise safety and integrity of customer confidential data.
Terrorist are not entitled to any rights. These are murderers that want to destroy our way of life and kill everyone that does not embrace their sick, sociopathic concept of faith.
I haven't heard the expression "teenie bopper" since the early 70's when the Sir Douglas Quintet led by the immortal Doug Sahm were on the airwaves. Now I'll have to go download "Mendocino" and reminisce.
I believe that with a narrower scope of litigation focused on Amendment 3, this would have been settled by the end of 2015 and both Fannie and Freddie likely would have had a clear path to, if not actual release from conservatorship. Remember, AIG was fully cut loose and has been fully rid of government interference for 2 years.
LOL. You are so impressed with your self-importance. However, I never replied to your message, although I would have to admit that I do agree on your self-description as a dbag.
Bwahahahahaha. You just nailed yourself, dylan.
No, kotex, that is a fabrication of the "truth" as you would it to be seen. But it is a fable.
If your point is on Amendment 3, yes I agree to a significant extent. I have long said that the sweep was an overreach and would get walked back to some extent or even in its entirety. But Amendment 3 is a tiny portion of the pending litigation circus. THAT is what I object most strenuously to, and THAT is what has mucked up the wheels of justice and thrown any resolution of Fanniegate into a quagmire that has dragged on for over 7 years.
There is a HUGE difference between saying Amendment 3 is a mistake and requesting or even demanding a change on the sweep vs. equally overreaching claims that the crisis was a sham, no bailout was needed, the banks were treated better than the GSEs, conspiracies drove HERA, three Treasury Secretaries were criminals, two Fed chairs were criminals, 2 FHFA directors were criminals, two Presidents were criminals, two Attorney Generals were incompetent, two auditing firms were criminally negligent, the boards of both companies breached fiduciary responsibility, numerous Senators and Congressmen are criminals, big banks orchestrated he bailout for their own benefit, two Treasury Secretaries used the conservatorships to conceal a revenue grab against budget problems...
I grant you that. The sweep was an overreach. But a lesser percent than 100% and a timeline with some end point may make the illegality claims moot, too.