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Replies to post #340672 on Fannie Mae-No Politics (FNMA)
05/27/16 5:02 PM
In any case, preparing such declarations would entail an additional, comprehensive, page-by-page review of the approximately 8,000 Treasury documents and 3,000 FHFA documents identified on our privilege logs.3 Indeed, compiling Mr. Dickerson’s and Mr. Pearl’s declarations, which address the documents that are the subject of plaintiffs’ pending motion, required painstaking consideration of roughly 60 documents by senior agency officials and counsel. The level of time and effort required to replicate this process with respect to approximately 11,000 additional documents, absent further guidance from the Court, cannot be overstated. Such a process would, conservatively, consume hundreds of hours of Government counsel’s time and require days of work by senior agency officials—time that would distract from those officials’ regular policymaking and public-service work.
The cash doesn't lie. Just look at the cash transfers since conservatorship has begun and tell me about how that can be justified given the conservatorship guidelines outlined above by law under "Powers as Conservator."
