Saturday, June 12, 2021 11:57:58 AM
The point is that FHFA can ratify everything but the NWS, which would turn a bulldozer ruling into a de facto granting of the plaintiffs' wishes, which is to only overturn the NWS and make the FHFA director removable at will.
We don't know who has been bankrolling these plaintiffs, but we do know that this has been an expensive fight so far, and that by only asking for the NWS to be overturned the backers can't be too concerned about the fate of the commons because asking for much more was supposedly the key to unlocking huge common share value.
Bill Ackman's Pershing Square is itself a party to a lawsuit (Rafter) that only asks for damages related to the NWS. Let that sink in.
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