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Sunday, October 09, 2022 1:30:55 AM
Clearly, this case is about illegal taking of private property. Just hope that our lawyers are able to present the case clear enough for the jurors.
1. NWS is a stick up. Before FHFA and UST announced the NWS, they knew that Fannie and Freddie had turned around. They knew that FnF would be able to pay the 10% interest and rebuild capital to end the conservatorship in a few years. This point has 3 clear evidence. (a) McFarland, (b) Jim Parrot’s email, (c) Fannie and Freddie were able to pay $141B to UST months after the NWS. It is huge repayment for a $191 loan.
2. NWS wasn’t stopped at all. Every dollar that Fannie and Freddie are allowed to retain, the amount is added to the loan balance so that they will be charged with 10% interest later. This is written in the amendment letter.
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