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Saturday, 09/07/2019 8:22:11 AM

Saturday, September 07, 2019 8:22:11 AM

Post# of 796053
BIG WIN IN COURT. Count 1 basically declared the NWS voided, as "the FHFA exceeded its statutory powers" when it approved the NWS. It turns out that later it remanded the case to a District Court, due to some formality: "it will decide if fact issues require trial or if summary judgement must be granted."
We can't let this happen. I bet that the hedge-funds are behind surprising ending, as it means more delay so that they can accumulate more stocks from the retail investors that have the need to sell periodically or, simply put, they need to have the full value of their property as soon as possible for obvious reasons.One week? One month? 6 months?
The White House, Treasury Department and the FHFA must schedule an urgent meeting today or tomorrow with the objective to come up with a final resolution that abides by the statute that rules FnF. This ruling has been a major blow for a supposedly democratic government, as it denounces that it has abused its power during almost 7 years.