Fannie Mae-No Politics (FNMA)

[Wise Man]

BOOM. David Thompson appears in a District Court with the Wazee case.
He was already called "omnipresent", because he seized control of many cases expelling the original attorneys, in order to control the narrative in his frivolous lawsuits.
This way, he could be seen with Fairholme, Bhatti, Collins, in the Rop case obsessed with a Mediation that was finally cancelled when it was denounced his attempt to seek a negotiation table and get a good deal for the battered JPS, and he also represented the important case of 2017, Robinson, where the judge said:

The plaintiffs didn't establish that the NWS (dividend) contravenes that duty (Put FnF in a sound and solvent condition)

A dividend is a distribution of Earnings (Core Capital). That's why it's restricted. Soundness is about the Financial condition, that is, capital levels.

Now, the original attorneys in Wazee are out, except the co-conspirator along with D.Thompson in the second case with judge Lamberth, the attorney Hamish Hume.


Why did he feel the need to show up here?
Wazee was the only case that challenged the current NWS 2.0, with the SPS LP increased for free, in a 3rd amended complaint in the Court of Federal Claims with judge Sweeney. But, surprisingly, Hamish Hume refused to file the scheduled appeal on May 24th, and filed a voluntary dismissal instead.


It was more surprising to see that this attorney had a second Wazee case as satellite case in a District Court, and it's the one still up and running, where the judge said on June 17 that he lets the attorney file an amended complaint on July 1st. Likely, he will challenge the NWS 2.0 that refused to continue to challenge in the CFC.

What it looks like, is:
-A PR campaign by the almighty attorney, the self-proclaimed unsophisticated lawyer David Thompson in a Conference Call hosted by Pagliara:

"I am not a regulatory lawyer. I am a litigator. That's being watched by a number of sophisticated lawyers"

(We are still waiting for those sophisticated lawyers that will challenge the $433B of capital siphoned off to UST: $301B through dividends and $132B through SPS LP increased for free. Both capital distributions)
An attorney who has claimed in court that with the ongoing SPS LP increased for free, it's achieved a wonderland scenario, where the Treasury gets rich and, at the same time, FnF are recapitalized. This is a big lie based on the Financial Statement fraud in FnF. This way, he just sought "constitutional damages" in the Collins case as a way to get back dividends for the Non-Cumulative dividend JPS of his client Berkowitz, when he was directed by Justice Alito to go and seek some damages, because the "for cause" removal restriction erroneously declared unconstitutional (limited powers of FHFA with a Charter Act) prevented this Wonderland from happening sooner, firing Mel Watt before.
Now he joins a lawsuit that, presumably, will challenge the NWS 2.0 on July 1st.

-It could also be another backdoor "negotiation" or I should say, "blackmail", so David Thompson joins Hamish Hume, staging the they are willing to give up the Lamberth case, in the case that the Administration approves some Equity restructuring in FnF. Or else, they will file a lawsuit against the NWS 2.0 that will expose the Separate Account plan: a capital distribution restricted, it's applied towards the exception in the CFR 1237.12: for the recapitalization, that is, the Common Equity that has been reduced as a result, is, in truth, held in escrow.

Then, people would wonder whether it happened the same with the dividend payments. Another capital distribution restricted, first applied towards the reduction of the SPS (exception in the U.S. Code 4614(e)) and then, towards recap as well, thanks to the CFR 1237.12 that DeMarco approved just in time for the follow-on plan (July 20, 2011 Final Rule).

Finally, we have to wonder why on earth the attorney Hamish had two Wazee cases active?
I recall that Wazee came from a District Court to the Court of Federal Claims with Sweeney because she wanted to have all the cases that sue the United States with her, at the time the case Fairholme and the 11 related cases were in the middle of the proceedings. Although Wazee didn't formally join the group. It strikes me that the attorney Hamish has pulled a second Wazee out of his hat, in what looks like it was already arranged for a final negotiation dated July 1st, 2024, aiming the assault on the ownership of FnF: the Common Stock.