Fannie Mae-No Politics (FNMA)

[big-yank]

Sorry, but your impressions on this are simply not borne out by the facts docketed on the court record. No issue before the court within the government's motion to dismiss on December 13, 2013 required any discovery delving deep inth government vaults of secrecy to address. Government made 3 claims justifying their motion to dismiss.

1. The court lacked jurisdiction to hear the case. This is 100% procedural.

2. The plaintiff shareholders lacked standing to bring the case before the court. This is 100% procedural.

3. The plaintiffs failed to state a viable takings claim. This is a 100% rule of law question requiring whether plaintiffs did or did not suffer a taking under prevailing rules.

There is no discovery necessary to address these government reasons for the motion to dismiss.

http://gselinks.com/Court_Filings/Fairholme/13-465-0020.pdf

You can just skim the outline summary to see that I am right on this. The whole cycle of dig, dig and dig more is a wild goose chase that leaves the barn door open while all the $$$ has escaped shareholders for nearly 3 years... the years when the GSEs returned to positive income that could have gone to shareholders and, instead, got swept to Treasury.

Sweeney delays are a self-inflicted wound, courtesy of Berko's legal team.

JMHO.