Tuesday, March 11, 2014 12:56:44 PM
Regarding the Johnson Warner bill, it reads " have to navigate Democratic politics on the banking panel, which must give preliminary approval to the measure. Democrats including Elizabeth Warren of Massachusetts and Sherrod Brown of Ohio have said they won’t back a plan unless it guarantees affordable loans for most buyers and includes significant support for low-income rental housing.
Without the vote of a majority of the 12 Democrats on the panel, the measure will have trouble gaining wider support from the full Democrat-led Senate."
That is one thing.
Then regarding the Fairholme case discovery deadline, March 20th, next week, my question is:
What if the wind-down bill actually makes it through both houses by March 20th?
My concern here is that the Democrats know that the discovery process will reveal some pretty bad things and they would hope their reputation can be spared if a sort of a bill gets through; those who normally would vote their real convictions will feel pressure to pass a bill about which they have qualms. I also think that is why the timing of this "major hurdle" passage, as it were, is happening NOW. Someone is in a damned hurry.
Is it likely that discovery will be complete before the bill even stands chance of passing? It is the timing that concerns me here. What if discovery does in fact, reveal the nastiness we suspect,....can a court rule in contradiction to a bill that has just been passed?
Any lawyers here?
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