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I can see what he says though..Exposing classified information would probably require punishment. If government says its classified information and lawyers asked him to answer the classified information, he may have to take 5th. Not an expert but common sense.
Anonymous commented on January 26, 2016 at 5:10 pm on www.timhoward717.com
This is completely false please read the post before commenting, big difference between civil and criminal.
timhoward717 on January 26, 2016 at 5:01 pm on www.timhoward717.com
“Remember the Fifth Amendment protects US citizens from being forced to provide information that could be used against them. The very foundation of innocence until proven guilty. It also prevents individuals from being forced to self harm. ”
Haven’t you been reading the comments? You’re talking about a criminal case. This is a civil case and the 5th amendment doesn’t work the same way. The judge CAN infer guilt when someone pleads the 5th.
Anonymous on January 26, 2016 at 4:59 on www.timhoward717.com
Surprisingly, even this board is also kind of quiet!!!!
I got the feeling that we are in a kind of “calm before the storm” period.
Something big is brewing….just a feeling. DOJ presents a motion under
seal and Fairholme answer in just 90 minutes??? MMMM those guys
are fast typewriting !
Anonymous commented on January 26, 2016 at 4:50 pm on www.timhoward717.com
Author of the 3rd amendment pleads the 5th Amendment. All wait for the 4th amendment. If we don’t see it soon, defendants will need protections of Constitution’s 6th Amendment.
Anonymous on January 26, 2016 at 4:24 pm on www.timhoward717.com
Nice theory but Parrott is not in the military and he plead the 5th for one reason. Not to incriminate self which we have discussed here is allowed to be construed in Civil Court as guilt, unlike Criminal Court. Your whole innocent until proven guilty has been addressed here and it is not the standard applied in Civil Court, just Criminal Court.
Anonymous commented on January 26, 2016 at 4:18 pm on www.timhoward717.com
Reply
Even the worst enemies of FnF are proposing ways to “fix” the GSEs . So the same lobbyist that were paid for promoting wind down are now promoting the “fix”
Shares of FnF are safer than money in the bank. Remain invested because they
may soar at any time. The big banks will be the big buyers of shares.
The buying stampede is just a phone call away. It may happen at any time.
Anonymous on January 26, 2016 at 7:16 am on www.timhoward717.com
Operation Water Dog update: Jacob Lew resignation announcement coming within next week and a half. We will be providing more updates soon. KTF
JusticeHasBeenServed on January 26, 2016 at 6:56 am on www.timhoward717.com
FnF on January 25, 2016 at 10:39 pm
On www.timhoward717.com
http://www.glenbradford.com/2016/01/fanniegate-fnma-3/
The Government filed a Motion (Doc. 285) this evening requesting that Judge Sweeney grant some type of relief on an expedited basis. Because the Motion was filed under seal, we have no idea what’s being requested. The docket entry indicates that the Motion is unopposed.
Approximately ninety minutes after the Motion was filed, Fairholme filed a Response (Doc. 286) to the Motion. Because the Response was filed under seal, we have no idea what Fairholme shared with Judge Sweeney.
If the Government wants to file a Reply, it will be due by Feb. 4.
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Investors Unite:
Fast and Curious: The Futility of Hiding What is Known
January 25, 2016
Why would the Obama Administration push so hard to conceal documents related to the conservatorship of Fannie Mae and Freddie Mac when the intention of the Administration to go against the law and wind the GSEs down rather than restore them to solvency is already so well known?
That is the question that must be asked again with last week's ruling by a federal judge in the ongoing battle over Fast and Furious, a government gun smuggling surveillance operation that allegedly allowed thousands of weapons to end up in Mexico and ultimately used against U.S. agents.
In essence, in the tug of war between Congress and the White House, U.S. District Court Judge Amy Berman Jackson ruled that presidents can use executive privilege to preserve candor in the decision making process but they'd better be sure that whatever they are trying to keep private hasn't already leaked out. In this case, the Justice Department's public disclosures largely negate the assertion of executive privilege by the White House.
"The Department itself has already publicly revealed the sum and substance of the very material it is now seeking to withhold," Judge Jackson wrote. "Since any harm that would flow from the disclosures sought here would be merely incremental, the records must be produced."
In the case of the lawsuits against the government's actions in the conservatorship of Fannie Mae and Freddie Mac, specifically the Third Amendment Sweep, shareholders contend that the Treasury Department acted illegally. The Housing and Economic Recovery Act required the Federal Housing Finance Agency, as conservator, to restore the GSEs to a "safe and solvent" position and to "preserve and conserve" their assets so they could resume their function in the housing finance market.
Treasury Department officials have long since abandoned trying to make the case that they have been trying to conserve the assets of Fannie and Freddie. In fact, there has been a high degree of candor that top Administration officials decided years ago that Fannie and Freddie had to go and their capital was providing the Treasury with some badly-needed revenue. For the supposed good of the taxpayer, Administration officials have practically boasted that the decision was made to keep them building up capital.
So the question is why the Administration remains so obstinate in releasing information about the deliberations and communications within Executive branch agencies some of which go back nearly eight years?
Where is the harm in explaining the rationale for a policy the Administration has vigorously defended? How would the health of the economy or even just the mortgage finance market in 2016 be adversely affected by a glimpse into the assumptions that led up to the Sweep in 2012 and the determination that an alternative model to the GSEs was needed?
Presidents are usually hesitant to invoke executive privilege because it prompts immediate public questions about what officials are trying to hide. As a rule, in cases where sensitive national security matters are at stake, the public might be more receptive to the assertion that secrecy is needed. In cases where criminal conduct is alleged, there is less receptivity to efforts to shield the truth. But in cases where the routine business of making policy is deemed off-limits, there is justifiable skepticism. It sets a terrible precedent for future deliberations and disclosure of public information.
Tuesday's ruling in the Fast and Furious case underscores that, even in matters where national security questions are at stake, disclosure is generally the best policy. Maybe that is why the Justice Department has already made public the very information the Administration wants to keep under wraps.
If the Administration is transparent enough to want to deny Fannie and Freddie capital and replace them with something else, then why does it continue to stonewall in shareholder lawsuits on why and how officials arrived at this conclusion?
At the start of his term, President Obama vowed openness and transparency. In almost a year, a new president will be sworn in. It is important that this Administration will not bequeath expanded use of executive privilege to the next Administration.
The answers are protected not the refusal to answer.
Anonymous on January 25, 2016 at 9:56 am on www.timhoward717.com
1.50 now.
So why was the Parrott deposition leaked?
David,
Why did you feel the urgency to ask this question and answer it in incoherent manner?
To ask this question you need to be one of those insiders who know everything.
Otherwise how do you know that this is a special leak with the ulterior motives?
This is also one of the major event in the discovery process and for whatever reasons it became public. Probably this “Jim Parrot refuses to answer any questions” news does not violate any laws. So calling it sneaky makes no sense. This news only opens up more questions and more discoveries regarding misconduct of public officials in plundering private shareholder companies.
Obviously any plaintiffs would like to make this event look like favorable event and want to build public and media support for their case. Attributing ulterior motives for this does not seem to be in the right spirit. This is how things work. Have we not seen defendants doing it many million times?
This event needs to be interpreted in the context of so many obvious violations by public officials, conflict of interest and trillion dollar private shareholder companies under the draconian conservatorship.
Anonymous on January 25, 2016 at 9:03 am on www.timhoward717.com
timhoward717 on January 25, 2016 at 1:48 am
Be prepared for our opponents to try and downplay this. This is without question a game changer, Judge Sweeney will see inference here in light of all of the other evidence that came to light.
Liked by 3 people
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xtropian on January 25, 2016 at 1:58 am
Hi Tim,
I think you’re right. Not only our opponents, but some people involved in day trading, I expect.
Liked by 1 person
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timhoward717 on January 25, 2016 at 2:02 am
Literally everyone I am aware of that try’s to offer “commentary” on this issue has been bought and paid for. They can’t tell the truth if they want to. I’m sure you’re right, some will try to downplay this if they are caught on the wrong side of this news trading wise.
Liked by 3 people
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Timhoward717 January 25, 2016 at 2:02 am.
Literally everyone I am aware of that try’s to offer “commentary” on this issue has been bought and paid for. They can’t tell the truth if they want to. I’m sure you’re right, some will try to downplay this if they are caught on the wrong side of this news trading wise.
Be prepared for our opponents to try and downplay this. This is without question a game changer, Judge Sweeney will see inference here in light of all of the other evidence that came to light.
Timhoward717 commented on the comments section.
30k now.
Doesn't our knowledge of parrot taking the 5th jeopardize our place in Sweeney's court ? The deposition was sealed,.............
Hajorleif commented on www.timhoward717.com
New post on www.timhoward717.com
http://timhoward717.com/2016/01/25/silence-is-often-evidence-of-the-most-persuasive-character-justice-brandeis/
The game is almost over.
The motion to compel has done the job. Even if Fairholme
don’t have a case , discovery have to be finished and the
documents must be produced. It is so because there are
many lawsuits stayed pending discovery. Among them is
“The Steamroller” mentioned below in one post ( Washington
Federal Vs US)
But:
Obama will never claim presidential privilege in this case
nor will show the documents. He doesn’t want to be the next
Nixon.The settlement is around the corner.
The joint status conference may be delayed months while
all the details are arranged. But the game is over.
This will be settled.
Anonymous said on www.timhoward717.com
AAMRQ closed at $17 on OTC and opened at $25 on Bigboards. There's a gap between that, that's not yet filled. Where do you think FNMA opens on Bigboards ?? $60 ?? How much would be the gap ??
Billy said:
January 23, 2016 at 9:03 pm
Let’s not celebrate yet. I’m sure this fight is far from over yet.
Anonymous said:
January 23, 2016 at 8:43 pm
Filing the motion to compel was the checkmate
nankerphelge64 said:
January 23, 2016 at 8:35 pm
so Parrot taking the 5th was checkmate?
Anonymous said:
January 23, 2016 at 8:02 pm
Cooper & Kirk play chess better than DOJ. They won.
Anonymus said on www.timhoward717.com:
I will be missing you all guys. The game is almost over.
The motion to compel has done the job. Even if Fairholme
don’t have a case , discovery have to be finished and the
documents must be produced. It is so because there are
many lawsuits stayed pending discovery. Among them is
“The Steamroller” mentioned below in one post ( Washington
Federal Vs US)
But:
Obama will never claim presidential privilege in this case
nor will show the documents. He doesn’t want to be the next
Nixon.The settlement is around the corner.
The joint status conference may be delayed months while
all the details are arranged. But the game is over.
This will be settled.
You can please post your unbiased analysis. Hope it's based on complete facts but not half facts.
From www.timhoward717.com comments section.
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Yup. You might be right.
Timhoward717.com
Hype and pump !!!
Here most of the people are longs. Most of these longs are longer than 3 years. If someone posts something here based on the partial facts/opinions these longs mostly block that poster. Being a reader of most of the posts here, I myself don't understand your cooked logic of preferds having value while commons are worthless as if this is a bankruptcy company ??
When things start clear out FNMA pps will be at least $10 or above. Just IMHO. Thanks.
Agreed
Agree FnF are much bigger than AAMRQ.
Agree. This may be one possible thing. It may take years.
Few reasons: 1) AAMRQ has lot of Deferred Tax Assets
2) Pilots pension is in commons