Fannie Mae-No Politics (FNMA)

[mike_usa]

Thanks Commander. Frank Fosco on July 15, 2014 at 4:03 pm commented on
http://timhoward717.com/2014/07/15/new-order-fairholme-case/#comments

I did not read it that way Kit. There is gong to be a protective order regardless who it favors – that was a known. The stock volatility came down a bit but stabilized.

1. The order set forth a path for discovery.
2. It will define what FHFA is after discovery gov or not or acting as gov or not.
3. There are motions after motions but they all run out of steam.

The key is what is the order after discovery – after all this is to prove jurisdiction at this point.

So cost of entry will still need to increase once that order is put into play just of the merits of the public documents already documented.

The only way we see a huge down side is allowing total disregard for the freedom of information act not to be infused into the discovery.


All is all we hoped to have no protective order but one is needed to guide the road and allow the plaintiff a path to get RELEIF!

Keep the faith!!