THE WINDFALL IS IMMINENT. In #Fanniegate it's exposed the connivance between Washington Federal Plaintiffs and Fairholme, since WaFd points out in its status report filed yesterday what the Fairholme's attorney, David Thompson, already pointed out about WaFd's lawsuit in the recent Investors Unite Conference Call, contending that it's only different to Fairholme's in the theme that it challenges the imposition of the Conservatorship, which is a wrong allegation because it claims that the clause (G) is about past losses, when it's about the likelihood of future losses. So, WaFd misrepresented the law and the conservatorship can be justified with this clause (G).
Therefore, both omit that WaFd also challenges the Warrant, the initial $1 billion worth of SPS issued for free, the usurious 10% dividend and the use of FnF for Public Policy. All of it as part of dramatic appeal to the Constitution about a Takings claims and how the Govt actions prompted economic harm. It's worth noting that it's also omitted that WaFd filed a Class Action. This evident collusion among the plaintiffs to drop the most important allegations for the common shareholders, while WaFd clings to a flawed allegation, under the orders of a hedge-fund manager with a reputation of a career con man, is an evidence that all the lawsuits are staged with the participation of crooked judges. This has been spotted and it will advance the resolution of Fanniegate and fast reimbursement of what FnF are owed, plus damages to the Equity holders.
