Fannie Mae-No Politics (FNMA)

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From Timhoward17:

REDACTED RESPONSE IN OPPOSITION TO DEFENDANT’S MOTION TO STAY ALL PROCEEDINGS (Fairholme lawsuit)
18 Thursday Dec 2014
Posted by timhoward717 in Fannie Mae Freddie Mac ˜ 3 Comments
We will be giving a brief analysis on the Iowa hearing shortly but I wanted to get up the REDACTED RESPONSE IN OPPOSITION TO DEFENDANT’S MOTION TO STAY ALL PROCEEDINGS (Fairholme lawsuit) now.
Take a look at the bottom of page 16
“For example, analyses that were prepared in July 2012 on the basis of the Treasury “scenarios” projected, inexplicably and suspiciously, much lower net income for Fannie in subsequent years—approximately a 50% reduction for most years—than had internal Treasury analyses that had been prepared only a month earlier, in June 2012. Compare T3847 (June analysis) (attached as Ex. C) with T3889 (July 2012 Treasury analysis) (attached as Ex. B). Again, documents produced thus far by the Government do not purport to explain or justify all of the differences between the scenarios. The production of such critically important documents will cause little if any burden to the Government.” The governments scheme is unraveling in discovery. We will edit this post soon with a short analysis on the Iowa hearing and more. Keep the faith!

12:18:14 REDACTED RESPONSE IN OPPOSITION TO DEFENDANT’S MOTION TO STAY ALL PROCEEDINGS 2

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