Replies to post #354429 on Fannie Mae-No Politics (FNMA)

[stink stack]

Judges just sit on there duffs while shareholders get the shaft. Shameful

[big-yank]

I have no doubt you are 100% correct on suits dragging on for many, many years. The appeals process, alone, can drag on for endless periods before any final judgement is rendered.

The documents are a double-edged sword. In all that paper there are sure to be some lethal admissions about how government behaved behind the scenes. Where there is government, there are indiscretions in almost any area. That is, sadly, the nature of bureaucracy. But "bad press" or "embarassment" to the Feds is not the same thing as legally condemning when measured against any of the claims pending against the government in courts across America at present.

It is possible that discovery could uncover some new claim that could lead to a new suit being filed, but I doubt it. The legal teams already at work on Fanniegate are well credentialed and very experienced in such matters. Then, too, you have issues of new, duplicative filings being rejected by the courts and additional statute of limitations constraints. So I sense your last point represents unlikely outcomes.

JMHO.

[big-yank]

A final point on document release. Every new document offered as evidence is another document to be discredited by defense. Add layer upon layer of documents, add more time to the judicial process. Most of these documents appear to have merit in a constitutional suit against HERA (which has never been filed) but are a far reach for pending claims for contract law violations, taking claims, fiduciary breach, self-dealing and a myriad of procedural breaches that need no new evidence introduced.

JMHO.

[jlnike]

Lol you think the legal fees are only 5 million.....
the governments best idea was drawing this out forever and the constant battle hoping plaintiffs would give up or run out of money. 5 million doesn't scratch the surface here and for anyone looking to sue they need more capital than that. The longer this gets drawn out the worse it gets for us and the more the bills pile up. Whatever your thinking add a 0 and thank god that some of the people we are aligned with exist. If you ever see them thank them, They give us a voice. Whether they are here just for profits or not, one could argue they are true patriots, american heroes.... he/they give a voice to those who would go silently into the night and just lose everything. Help our country stick to being ruled by law. Hopefully we get JUSTICE because of them. Its not as easy and as inexpensive as you think.