Fannie Mae Preferred S (FNMAS)

[rosen62]

Has plaintiff filed their motions to compel yet?

The Court: But if you’re -- I don’t want instructions to be given to clients or to these entities (GSEs) that they don’t have to produce certain documents if, in fact, it’s going to answer the question, were these entities part of the United States Government. Were they controlled by Treasury? If that’s what the documents show, I realize I’m preaching to the choir saying that, you have to turn it over to Plaintiffs.

So, if you’re invoking privilege to block the Plaintiffs’ entryway into the courthouse door, you can’t do it. I know you know that, but you can go back and tell your clients I said so, and that might either make their life easier or more difficult or perhaps both, depending upon which issue you’re discussing.

After reading the status report conference I was left with some skeptical feelings about the Judge. She appeared a bit soft with the defendant, all the while it was clear the government was aggressively using all sorts of roadblocks. By not issuing an opinion on the outrageous remark by defendant that the US did not want any overseeing over the hit reports, she is basically letting them get away with this. Sure, she said to plaintiff "compromise or file a motion to compel". But the US stance is so obvious and disruptive that she should have sided with plaintiff immediately. I am disappointed.

The above warning by the Judge even seems silly. I can't, can't see the government (GSEs told that too) handing out ANY piece of paper that is clearly, even remotely, self-incriminating. Management at the GSEs doesn't even need to be threatened by the government. They know the drill already!

What games are we playing here, Judge Sweeney?