Replies to post #341963 on Fannie Mae (FNMA)

[trunkmonk]

someone should sticky this, it is the most important thing happening in a while. It is an inflection point in our cause. If they dont sticky it, post it on Freddie, maybe add some more facts, i will sticky.

[HedgeMyRide]

Huge.

[Stockman1010101]

Great post. Thanks.

[reyprimero]

Govt'lawyer has to be almost incompetents or they already now case in court it's loss ,because call in name of another party(Doolittle and S&P) it's very unusual in courts!!!

Defendants have not met that burden here, where just
four actions are pending involving primarily common legal, rather than factual, issues. While FHFA
has notified the Panel of four potentially-related actions, these actions differ in significant ways from
the actions on the motion. Two actions do not name FHFA or the Treasury Department as
defendants, but rather are brought against the auditors of Fannie Mae and Freddie Mac. The other
two actions are “books and records” actions, which plaintiffs argue are expedited proceedings that
will be slowed down by the pace of centralized proceedings. Were there a stronger case for
centralization here—a larger number of cases or a great deal of overlapping discovery—these
differences in a small number of potential tag-along actions might be less significant. But as it
stands, they lend weight to the conclusion that centralization is not appropriate

[big-yank]

If these Fanniegate courtroom decisions were so "awesome" how come no positive outcome has resulted for them? Looks more like the Plaintiff virtually abdicated and asked Judge Sleet for a remand back to the junior level Chancery Court of Delaware.