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they released the 3500 documents with no info on them....the other 7500 are sitting next to seth rich's investigation in vault 7.
I keep seeing 3500 docs released of the 11k....? but read through the documents and couldn't find it anywhere.
To summarize, of the fifty-six documents this court and the Federal Circuit reviewed in
camera, only eight were ultimately allowed to be withheld by the government
As to the four housing finance reform documents over which defendant asserted the
presidential communications privilege (UST00500982, UST515290, UST521902, and
UST550441), this court found that none of them was protected by the privilege. Fairholme
Funds, 128 Fed. Cl. at 459-60. Despite the sworn declaration of Nicholas R. McQuaid, Deputy
White House Counsel, see id. at 438, this court found that (1) it could not “verify either the
authors or recipients of [the first of] the [four] draft document[s]”; (2) it could not ascertain the
title of one of the individuals listed on the second document; and (3) it could not verify that the
third document “was sent, let alone drafted by, Mr. Sperling[, the Director of the National
Economic Council].” Id. at 459. As to the fourth document, this court found that it was “subject
to the presidential communications privilege because it consist[ed] of a deliberative
communication between three of the President’s senior staff in the course of fulfilling their roles
as advisors on the timing of housing reform.” Id. This court proceded to conclude, however,
that because plaintiffs had made a sufficient showing that the evidence was both important and
unavailable from another source, all four documents had to be disclosed. Id. at 459-60. On
review, the Federal Circuit overturned this court’s ruling as to the application of the presidential
communications privilege to these four documents. In re. United States, 2017 WL 406243, at
*7-8. Having found that the presidential communications privilege barred disclosure, the Federal
Circuit declined to address whether or not the deliberative process privilege also applied to three
of the documents within this category. Id. at *7
This court proceeded to conclude that even if the
documents were clearly deliberative, under the privilege’s balancing test, plaintiffs’ evidentiary
need for the information outweighed defendant’s interest in maintaining the documents’
confidentiality. Id. at 442-43. This court reached the same conclusion as to the application of
the bank examination privilege to the BlackRock documents—finding that although the
documents were subject to the privilege, under the same balancing test used to analyze the
Case 1:13-cv-00465-MMS Document 375 Filed 05/30/17 Page 7 of 12
-8-
deliberative process privilege, plaintiffs’ need for the information trumped the defendant’s
assertion of the privilege. Id. at 443. Defendant declined to challenge this court’s ruling with
respect to these four documents in its petition for mandamus relief.
i cant get any audio...what is he saying
good point...today is the 11k docs day right???
Jerome Corsi report???? anyone know a time frame?
Misery likes company.....I have the exact same amount of shares (some preferred) that I bought for $4.07. (preferred at $9 :/)
The irony in that post is that Buffet owns 9% of Wells Fargo who is actively lobbying Sen Corker to get rid of FNMA.
Whats up with the Sweeny case? will 11,000 documents really be released next week?
haha bob like a corker
IMO we will bobb like a cork until housing reform. I dont think the GSE will be diluted based on quotes like "Fixing FNMA" implies it is not going anywhere. they may lose some market share but the company is fine.
Cfpb isn't going anywhere and it really shouldn't. It provides alot of financial protection for people
no kidding, it was a fight not worth having at that moment. Mnuchin knows it really doesn't matter if he gets the draw or not.
bc mnuchin said he expects the NWS to continue
hell yes its speculation
1. What does government on the line mean? If the government is on the line for five dollars he will wipe out shareholders? Govt on the line could mean alot of diff things. 1: FDIC deposit insurance for basically any bank 2: FDIC designations of too big to fail financial institution. if either of entities were to go under the govt would be on the line. This would have to be in the case of declaring Bankruptcy or being in imminent default.
2. Why should shareholders in a private organization be on the line for government folly? We didn't invest in the government. not sure how to answer this
3. How in the world can you interpret his words to mean that shareholders should be preserved. Even if you don't think he said the exact opposite, he definitely didn't say anything close to that shareholders should be preserved. based on his response that is how I took it. If Title II were to be executed for a failing institution where the govt is on the hook then shareholders can we wiped out. In the case of FNMA he clarifies that there are circumstances where this is not always true. In my interpretation he said that because he has no intention of wiping out shareholders. He would have no other motive to say that in that situation. If he intended to wipe out shareholder he just would of said yes, if Title II is executed the stockholders are wiped out and assets liquidated....period
pretty much, GSE implies that the govt will take the hit if payment on a debt obligation cant be met by the entity. Title II is more for a bank or financial institution and the receivorship proceedings. Being that FNMA has been no risk to the govt for the last 9 years I would see no reason to wipe out commons....especially with Mnuchin saying TITLE II doesnt apply to FNMA
Introduction:
Title II, the Orderly Liquidation provision of the Dodd-Frank Act, provides a process to quickly and efficiently liquidate a large, complex financial company that is close to failing. Title II provides an alternative to bankruptcy, in which the Federal Deposit Insurance Corporation (FDIC) is appointed as a receiver to carry out the liquidation and wind-up of the company. The FDIC is given certain powers as receiver, and a three to five year time frame in which to finish the liquidation process. Title II is aimed at protecting the financial stability of the American economy, forcing shareholders and creditors to bear the losses of the failed financial company, removing management that was responsible for the financial condition of the company, and ensuring that payout to claimants is at least as much as the claimants would have received under a bankruptcy liquidation.
He did but no he really didnt, he said if the govt were on the line vs wiping out shareholders. Then went into title 1 and 2 and how they wouldnt apply to hypothetical FNMA.
https://www.law.cornell.edu/wex/dodd-frank_title_II
I wasn't quoting him, based on Mnuchins response to warner that is how I took the exchange.
and what does he say right after that? funny how you left out the part i was talking about. "I would expect shareholder were wiped out before the govt was risked..... THERE COULD BE SITUATIONS OK WHERE FOR VARIOUS REGULATORY REASONS WHERE TITTLE 1 AND TITLE 2 MAY NOT BE APPROPRIATE" The second part is what i am refering to and their policy and procedures of bankruptcy. he purposly adds that in there
it was warner asking about the "hypothetical situation"
Mnuchin was asked point blank about what he thinks should happen to shareholders....he said they should be preserved
mnuchin doesnt care if FNMA sends the dividend payment, he know what will happen in the end
I could care a whole lot less about FNMA being taken out of govt control.
I mean the writing is on the wall.... One of the major cautions investors had was what the reform will look like. will it be a new system? will wells fargo take over the secondary market? etc etc
Mnuchin pretty much confirmed that fannie and freddie will be fixed and out of govt control today. WE JUST DONT KNOW IF THE STOCKHOLDER WILL BE RETAINED OR NOT. but we do know that fannie and freddie will survive
anyone know the tier 2 CFPB bankruptcy guidelines?
he didn't confirm anything which is why the PPS hasn't moved. Personally I don't know what will happen with stockholder but I am pretty confident that the secondary market will continue to be run through FNMA and FMCC and both companies will be removed from full govt control.
Based on Warners hypothetical situation he could of easily confirmed shareholders wiped out....but didnt.
But did you listen to Mnuchins response???? Tier 2 of CFPB bankruptcy charter doesnt apply to financial institutions and there are instances where the shareholder would be preserved.
He didnt even get close to confirming that hypothetical scenario of wiping out shareholders.
my company had a buying freeze the first quarter this year....they can do this for any companies employees
the probably have a buying freeze and wouldnt dare risk being put in jail for insider trading.
Mnuchin doesnt care about our day to day share price but he does care about FNMA being fixed and released from govt control. SHEEEET he also went to the extent of saying we would be govt sponsored to some extent. This is good news
not true, Mnuchin said he wants the payment. FHFA can just say there isnt enough money to pay a dividend. He hold all authority to pay or not
that may be true but he didnt say replace. Fixing implies getting out of govt control with secondary market goign through a company named FNMA that has not filed for bankruptcy
but he also said fixing fannie and freddie....this implies good news
he wants FNMA recap and released of course. This is his company