Fannie Mae-No Politics (FNMA)

[imtheshadow]

Sweeney will not decide anything mid-Nov. Rather, that's when oral arguments will be presented to see if her court has jurisdiction. No one knows when she will make her decision following the oral arguments, but if she finds she has jurisdiction, the claims can proceed to towards trial ... and that means discovery ... and that means the 11,000 docs.

Re warrants, only one case challenges them - Wash Federal - but some may argue that no taking occurs until they are exercised (per Lamberth?), so more suits could follow if/when that occurs.

As Mae West said, so many suits, so little time ... at least if the election is really driving the time table. Seems unlikely that a settlement could be reached before Sweeney's mid-Nov ruling. If not, and she has jurisdiction, then the Wash Fed claims get put on the negotiating table - thought that may not mean squat to the govt thieves given their demonstrated hubris. cheers, shadow