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"Lamberth was way wrong. The damages are felt even unto today and as long as the bass-terd step child liquidation preference exists."
Not that he would care but honest investors have died waiting for justice in the matters of the GSEs. And part of the problem has been some of the idiotic decisions passed down by this fat POS! Death is the ultimate form of damages.
Maybe, but the forensic value almost certainly has to be higher now since the first value was from a couple of years ago. With the weak lawyers handling most of these cases, shareholders might stand a better chance representing themselves; an devote another 15 years to this sham.
I recall a forensic accountant determining the enterprise value at $241. Quite a bit different than $50.
That $612M had feces all over it. You can figure where it came from.
Nope, it's still $400,000+. With Fannie and Freddie, forget your "time value of money". Recovery of that ain't gonna happen!
Patswil,
Why do you keep posting this message:
"It will be fully briefed as of next Monday Sep 18. The parties dispute whether and how much,
so it is taking some time. After it is fully briefed, we will just be waiting for the court to decide it."
You know it's just more gum flapping to add to the mountain of legal bull shit!
"Okay, so what is up with this:"
When I was in school. 64¢ X 734,000 was a hell of a lot more than the $200,000 this reporter got all excited by . . . .
After 15 years of this crap, the conclusion has been made that there are only two things that move here, the clock and the calendar. Any other perceived movement is a mirage.
"What is a reasonable amount of time for a person to do interest calculations?"
It's a judge! What the hell does he know about high finance?
"Rodney - Can't disagree with what you said nor your point. However we have been in this mess for 15 years as one law after the other was ignored - and the courts backing them up. Very frustrating"
You're right! Before trying to make the government adhere to the laws on the books, we have to, somehow, reestablish JUSTICE in the entire judicial system. And what a daunting task that will be! Lady Justice has lost her blindfold and it's nowhere to be found.
That would also be my choice as a mouthpiece but I doubt, presently, he knows the history.
"I don't understand why you guys argue with a guy who listens to a sea shell for advice"
I don't know of whom you speak. He's been on my IGNORE list for years when I determined he had nothing to say. A few others are there too.
"Solution: Sue Uncle Suggy's #1 Co Conspirator in the largest theft of Shareholder Property in US History - the US Treasury."
Let's say that was a definite. How many years (or decades) would it take the current stable of lawyers to actually get it to the courts?
Many of us would never reap the benefits of a win after waiting, seemingly, forever already.
There many on this board with very good comments and analyses, along with history and wealth of knowledge regarding the GSEs and the conservatorship."
Too bad the lawyers on these "legal teams" are not among those you have mentioned. Looks like we got the two stooges representing Alex Murdaugh! LOL!
Was it just me or did the judges seem like they were sitting in judgment about something they knew very little about?
Would you take recommendations from your friends and associates on filling slots in your administration when the candidates are generally unknown to you? Of course you would ....and he did ....but he got duped on some of the key positions. You think he interviewed everybody?
Of course he didn't so the only one looking dumb in this conversation is you.
"Trump didn’t trust Watt."
Would you? He was a waste of space when he was a representative for a gerrymandered district in North Carolina. As a favor to Icahn, Trump nominated Mnuchin; only to have Mnuchin show his loyalty to GS while f'ing over both Trump and Icahn. Calabria was the stooge Pence recommended. You remember Pence, don't you? He's the robotic politician who couldn't pour piss out of a boot. I can feel sorry for Trump, a business President, who got surrounded by politicians; better known as bull shit artists.
But being an idiot and a drag on society is okay? Go play in traffic, you moron.
"and Mnuchin said on CNBC TV
w Wilbur Ross that making the GSEs
private companies again was his
"priority" before he was confirmed ...
Calabria said 2020 ... etc etc etc"
IT'S CALLED LYING THROUGH ONE'S TEETH!
In history, there has never been a single share of stock sold in any corporation where the risk involved the U.S. government stepping in, nationalizing the corporation, and helping itself to all its proceeds for almost a decade. I always wondered, where was the SEC during this entire time?
If it only was that simple!
So from a legal standpoint, where do common shareholders find themselves with the remaining suits? Is anything about to unfold or are we stonewalled for years to come?
Come on fellow shareholders! I take time off for triple bypass surgery, go to rehab, we finally win a case, and when I come back, the air still stinks as it did before I left. Another shareholder told me I would die before ever receiving anything. Guess I have put the prediction in motion!
"Mnuchin was the biggest thief and maybe criminal, of them all."
He was a POS before he got to Treasury. He was nominated for the position by Trump as a favor to Carl Icahn. Then he screws over both Trump and Icahn when he secures the position . . . all, apparently, just to be able to say he was the former Secretary of the Treasury at the cocktail parties. He wouldn't like the party I would throw for him!
"Then Closing Arguments from each side, then the reading of the Jury Instructions, then Jury deliberations."
Of the three items, this time I might be most comfortable with the jury deliberations. Closing arguments will be made with one side lying through its teeth and the other side "possibly" making a good argument. I say possibly because I don't see the magic others see on the plaintiff's side of the courtroom.
Then we get to the jury instructions. Who on Earth trusts what comes out of Lambert's mouth? IMO, he has hampered this trial as he did the previous trial.
Let's just hope there is some intelligence and common sense sitting in that jury box.
The government's argument is predicated on a lie. Seems the plaintiff's lawyers should have an easy time painting a visual of the truth; provided they are as astute as some think them to be.
Let's say that's true. Why are the plaintiffs' attorneys having to be prompted on what to do? Have they hired Saul Goodman for a case this important?
"Why not $10,000 in mortgage loan forgiveness?"
For goodness sake, don't plant any ideas for those idiots!
"Isn't lambarth saying ""Like 2 quarters of profitability is a turn around!"
If he was going to make the snide remark as he did, he should have added "and it continued for every quarter thereafter for 10 years"!
"I should have added that TP asks if Lamberth's remarks might be a basis for mistrial?"
He's got a point as the fat f*** can't keep his trap shut!
So on cross, P's lawyers asked "where's the money?". It still was the corporations' money and not that of the government. Return it and we will go along our merry way.
"more skeptical of gov't overreach"
You're forgetting these men are from the District of Columbia. 'Nuff said.
REDACTED = ANOTHER WAY TO SAY SCREW YOU
He's pointing to "today's standard of justice"! LOL!
"Do you figure with the amount of money the GSEs have been accumulating the past 3 years that shareholders are closer to reaping benefits than 15 years ago when they had zilch"
Hard to kick the field goal to win the game when every time you blink, they are moving the goal posts farther away!
That's correct. The fat-ass, himself, was setting all the parameters in the first trial, as if he knew something about the situation, which he did not!
"But the outcome out of this case is not gonna be NWS was not needed and invalid. Right? It's just the damages due to NWS is what you had explained me. So why go back thru the door of invalid NWS when it's not on the agenda at all"
For all intents and purposes, none of the filed lawsuits go for the meat of the problem . . . the CONSERVATORSHIPS. Everybody got transfixed on the NWSs and lost sight of the real problem. If all the money stolen with the NWSs was returned tomorrow, Fannie and Freddie would still be under the foot of the government and the share prices might stay at 50¢ forever. Screw the NWS!
All eyes should be on ending these damn conservatorships and nothing else.
Only then do we get OUR corporations back and realize their true share prices which, by sake of comparison, is a rather lofty number in both cases.
"we must flood the internet and media outlet with a copy of it. do we need more proof of the intent? this should outrage everyone. can we have a link to pdf where it is placed to forward to as many. we must forward this to every congressman, senator too. to elon musk and to everyone. enough is enough."
These "WE" statements have always bothered me. Can we assume that you have already started "flooding" the internet and the media or are you telling navycmdr to do so?
"Hopefully, some sort of reasonable solution can be reached."
After 15 years? My guess would be not a chance unless forced to do so.
It's all a game of semantics and lies!