Wednesday, July 14, 2021 5:54:51 AM
You guys should really read all the comments by Arkham on Bradford's most recent SA article. Very compelling argument.
Basically what the govt is doing now... ain't exactly their first rodeo. The same thing happened with the RTC saga where a similar situation happened with a lot of the SL banks. Over 120 different lawsuits for different banks filed and they ALL lost on the APA claims over the course of 19 years. What they DID win was the takings and breach of contract aka sweeney/swartz and lamberth respectively.
So the question isnt a matter of if we will win for the takings and breach of contract but rather WHEN it will happen.
The fine print kicker is that those two legal avenues can still be mooted if Biden proceeds with recap/release.
Basically what the govt is doing now... ain't exactly their first rodeo. The same thing happened with the RTC saga where a similar situation happened with a lot of the SL banks. Over 120 different lawsuits for different banks filed and they ALL lost on the APA claims over the course of 19 years. What they DID win was the takings and breach of contract aka sweeney/swartz and lamberth respectively.
So the question isnt a matter of if we will win for the takings and breach of contract but rather WHEN it will happen.
The fine print kicker is that those two legal avenues can still be mooted if Biden proceeds with recap/release.
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