"My question to former CFO of Fannie Mae Tim Howard and his reply. Unless you held a higher position at Fannie Mae, I'll put my faith with his assessment and the fact that he agrees with my thesis. Best of luck. "
Lol...even the current CFO of Fannie Mae can not have any more insight as to what the government will or won't do than any common shareholder. Saying that a former CFO of FNMA has special insight as to what will happen is ridiculous. As if the government keeps him in the loop or something. lol.
"The way these multi-plaintiff settlements typically work is the “big dogs” negotiate the terms, and the smaller plaintiffs then decide whether to accept those terms or opt out, and continue to sue on their own (with their own money). Knowing that, the large plaintiffs try to structure the terms to maximize the chance that both the defense and the smaller plaintiffs will accept them, so as to end the lawsuits for everyone. "
This does not disagree with my statement. Tim's response is about the general process for multiple lawsuit scenarios. And his statement is fully correct. MY comment, on the other hand, was that the government will never agree to a settlement because the only reason they have to settle is to avoid public disclosure of private documents. As, even stated by Tim, the smaller lawsuits can still continue and lead to the PRELIMINARY step of disclosure of evidence, the government has no incentive to settle. Don't forget, the smaller lawsuits don't have to win to defeat the government's attempt to make documents public. All they have to do is show that the documents are discoverable.
