Fannie Mae-No Politics (FNMA)

[Wise Man]

JUDGE SWEENEY's COURT IS ON FIRE. Tremendous revolt by the plaintiffs of the 11 Related Actions that showed outrage in their Status Report about how the judge is handling the proceedings. Washington Federal is the one more upset as it complains that its case is 7 years pending when it's different to the others and blasts the DOJ's call for an indefinite stay. Also it's stunned after the judge recommended that only Fairholme should file an interlocutory appeal, and the other cases file an Amicus brief. The Appeals court doesn't give opinions about what is outlined in the Amicus briefs, says plaintiff Fisher. WaFd also disagrees with the judge: "The Appeals Court should be the one to make that call. Fairholme is not a test case". The judge, yesterday, scheduled a Status Conference for March 5th in an attempt to placate this revolt.
This case is a sham. The plaintiffs agreed to cover up HERA's Restriction on Capital Distributions for undercapitalized enterprises, the FHFA was declared unconstitutional and now this revolt. It should speed up an unilateral resolution by the White House with the announcement of The Secret Plan (dividend applied to repay the SPS and recapitalization, pursuant to HERA and the CFR1237.12) that would declare all the lawsuits meritless.