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Tuesday, October 24, 2023 11:25:40 AM
This is why I think the LP is a future domino that could fall. Based on acting in bad faith when creating the NWS amendment, verified by a trial by jury...
I truly cannot understand this. The NWS, and thus the jury verdict, had nothing to do with the LP. How are you making a connection between those two things?
And lying to the SCOTUS about it being ended, if it ever makes it back to court in a future form it's a much harder corner for FHFA & Treasury to get out of.
The Supreme Court already said that the NWS, in the form that it existed when it was signed in 2012, was ended. From page 4 the Supreme Court's Collins opinion:
After oral argument was held in this case, the FHFA and Treasury agreed to amend the stock purchasing agreements for a fourth time. That amendment eliminated the variable dividend formula that caused the shareholders’ injury. As a result, the shareholders no longer have any ground for prospective relief, but they retain an interest in the retro-spective relief they have requested.
I believe this is also why the cash NWS has not been restarted, because it would reinstate the injury and open the door to prospective relief.
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