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Replies to post #300276 on Fannie Mae-No Politics (FNMA)
Somewhere, lawyers being paid $500-$1000 an hour, are reading the Treasury response, looking at the “compel the release of particular documents”… scratching their heads, and asking one another, “Isn’t this what Judge Sweeney ordered Treasury and DoJ to do in her discovery motion?”
One wag wrote me, “I wonder if anyone on Grassley's staff is paying attention to how the court cases are going. The same DOJ that is telling Grassley it's ‘up to the Fannie/Freddie shareholders to compel’ production of the withheld documents also claims that HERA and the conservatorship strip these shareholders of all their legal rights.”
The longer this exercise goes, the more plaintiff’s lawyers get paid, but at some point, those attorneys must feel like they’re engaged a courtroom version of the US Marines repeatedly blasting the deeply entrenched enemy from their caves on Iwo Jima only to face more hostilities each day.
Why do DoJ/Treasury continue to play rope-a dope with plaintiffs, the courts, and the Hill, unless it’s to run out the clock on the Obama Administration, kicking this can down the road to the next President?
:) The requested 7-day enlargement will provide counsel and the appropriate agency personnel with the necessary time to coordinate the contents of our response and obtain internal review.
AI
