![](https://investorshub.advfn.com/uicon/219592.png?cb=1466645242)
Thursday, October 13, 2022 9:27:21 AM
https://dsnews.com/news/04-19-2016/counsels-corner-the-battle-over-gse-profits-is-raging
Things to consider!!!!!!
Those documents seem to suggest that certain government officials knew that Fannie Mae and Freddie Mac were on the verge of making big profits in 2012. Do you think that will have any bearing on how courts handle litigation relating to the Net Worth Sweep?
I think it was helpful to us. I think the more that is unsealed, the better for our side, and I think those specific documents show that Fannie and Freddie and the government and Treasury all knew that they were likely going to become more profitable and that the Net Worth Sweep was going to be very good for Treasury and very bad for private shareholders.
turned out that Fannie and Freddie were even more profitable than expected in August 2012, but they knew they were going to be profitable, and they knew they were not in a "death spiral." That's what those documents proved, and they are very helpful to us and we're very grateful for the ability to present them to the court and to the public.
Plaintiffs can prove ( with those emails) Governments intent to steel miss lead shareholders
…..BOOM……
I take it as a very, very good sign for the class of plaintiffs I represent that the court is spending this much time on it. That is especially true because the defendants had no answer to the points I made about the merits of our breach of contract claims, and the flaws in the district court’s analysis of those claims.
Harm done is by the Government and NWS of August 2013 to those shareholders who brought pre-2008
One thing I would note that came up at the end of the argument is we represent all of the shareholders, but some of them purchased stock in 2008 when Fannie and Freddie were issuing new shares of preferred stock to raise capital at a time when it was clear they were under significant pressure and some distress. Our shareholders relied on the terms of their contractual certificates, as did all investors, and what the government did in 2012 is a direct nullification of those contractual terms.
…….BOOM……
Post NWS August 2012 the Government thinks it can tear up legal contracts of shareholders and write there own! ( The class action) will win this argument!!!! As Hamish Hume won it against the Government in the Barclays case!!!!!
What we're saying is the government can't change the deal four years later so that it takes everything and nullifies the rights of the private shareholders.
Defendants just want to overlook or ignore the plain meaning of the contracts governing the investments made by private shareholders into Fannie Mae and Freddie Mac, as well as the plain meaning of the original contract entered into by the Treasury when the enterprises went into conservatorship
Retired at 47, Life's Good thanks to trading.......
Greenlite Ventures Completes Agreement with No Limit Technology • GRNL • Jul 19, 2024 10:00 AM
VAYK Expects Revenue from First Airbnb Property Starting from August • VAYK • Jul 18, 2024 9:00 AM
North Bay Resources Acquires Mt. Vernon Gold Mine, Sierra County, California, with Assays up to 4.8 oz. Au per Ton • NBRI • Jul 18, 2024 9:00 AM
Nightfood Holdings Signs Letter of Intent for All-Stock Acquisition of CarryOutSupplies.com • NGTF • Jul 17, 2024 1:00 PM
Kona Gold Beverages Reaches Out to Largest Debt Holder for Debt Purchase Negotiation • KGKG • Jul 17, 2024 9:00 AM
Avant Technologies Welcomes Back Former CEO with Eye Toward Future Growth and Expansion • AVAI • Jul 17, 2024 8:00 AM