Fannie Mae-No Politics (FNMA)

[Odismyman86]

Nothing is decided yet but it will be telling to see how Judge Sweeney rules on the government's proposed date ranges for Discovery. The Government proposed limiting the scope of discovery in three board categories within the date ranges below. Sweeney will rule on the date ranges for the "first wave" (pre Aug 17, 2012) of discovery after input from both parties June 23. She will rule on the post Aug 17, 2012 discovery at a later date, probably after she sees what is found.

The governments proposed date ranges follow:

1. Solvency of Enterprises and Expectations of Profitability at the Time of the Conservatorship Decision in September 2008. Request 1(a) (Financial projections in the possession of FHFA and/or Treasury in connection with the conservatorships). Request 4 (Documents relating to decision to leave the GSEs’ existing capital structure in place).
Date Range: July 1 to December 31, 2008

2. Whether FHFA Acted at the Behest of Treasury in Entering Into the August 2012 Third Amendment. Request 11 (Communications between FHFA and Treasury related to the conservatorships.) Request 14 (Documents related to FHFA’s decision to enter into the Third Amendment.) Request 16 (Documents related to Treasury’s decision to enter into the Third Amendment.)
Date Range: January 1 to September 30, 2012

3. Government’s Current Assessment of Future Profitability of Fannie Mae and Freddie Mac, Including How and When the Conservatorships Will End. Request 1(a) (Financial projections in the possession of FHFA and/or Treasury in connection with the conservatorships). Requests 6 thru 10 (Documents related to terminating or winding down the conservatorships.)
Date Range: January 1 to August 17, 2012