Thursday, February 02, 2023 7:06:44 PM
That's why David Thompson filed in his brief yesterday in Collins that the NWS should be invalidated because it is a Seperation of Powers violation, right?
I'm actually reading through that brief right now.
The avenue by which he's trying to get the entire NWS unwound is the Appropriations claim. The requested remedy for the Separation of Powers claim is to have the seniors either cancelled or converted to common. I think you have conflated the two.
Just saying maybe our JPS friends have jumped on the 'litigation is finished' bandwagon early, because the NWS was declared legal under the Incidental Powers of HERA in Collins and they are anxious for their "Payday at par or close to it" clock to start going faster.
This sounds suspiciously close to content about other posters and their motives for posting, each of which is a TOS violation. It's best to stay away from such discussions because they bring nothing to the table.
Don't you think it's better to challenge the Constitutionality of the FHFA and/or the NWS instead of jump into the Dilution solution and instant recap phases?
Those challenges were filed years ago.
I hope you don't hold it against me or any other American shareholders (JPS or Common) that wish to challenge this federal government overreach.
You plan on filing your own lawsuit? What on earth are you waiting for? I've already explained why injunctive relief is somewhere between difficult and impossible to get. If you wait to file your lawsuit until after the seniors are converted it will be too late to undo the dilution.
Multi Billion dollar litigation just takes time.
Something all FnF investors have learned the hard way.
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