Fannie Mae-No Politics (FNMA)

[chessmaster315]

Obit, What happens if the government fails to do its part in court ordered discovery?
That is, what happens if the government fails to comply with the March 21 deadline?

Would this be an instance where the government was in default and the court would grant some sort of judgement against the government, similar to what they may do if a company sues someone, that person was served process, but fails to appear?

This seems, frankly, like it is highly likely...the government will default rather than produce documents required by discovery.

Of course, the government can "settle" and would not have to permit discovery.

Final question, Obit. While I understand the Plaintiff does not necessarily represent the interests of the common shareholders, but is it not true that a favorable ruling would affect the commons shareholders?
Of course, its still possible, even with an unfavorable ruling, that a new suit be filed by other shareholder(s), and these shareholders may well use this lawsuit, and "cure" any defects that may be brought out.
Have you considered the possibility or even likeliness of a class action suit, either in addition to, or independent of the current lawsuits?

Thanks, in advance, for your input, Obit.