More intrigue from the Sweeney Court to consider. Nowhere in Michael Sammons letter to the court does he reference Cede & Co. It is only referenced in Judge Sweeney's reply to his 5 page letter. How did the "Cede" reference get introduced to the judge's order?
Something seems very fishy about this whole development?
Someone clearly wants Judge Margaret Sweeney removed from the Fairholme case. But who, and why? Could this be related to the Perry urgency and its settlement with its investors? I have no clue. But the text of Sammons letter certainly expresses a lack or urgency in the Sweeney court.
DTCC is a clearing house. They handle most of the securities transactions in the U.S. No surprise that their affiliate Cede is the holder of record, just as GoDaddy is holder of record on my Internet domain. Tea Party types question not only their existence, but the whole Federal Reserve Board. I'm not agreeing or disagreeing with any of that, just saying that there is nothing unusual in Cede being the holder of record.
Sammons strikes me as cut from the same cloth as the guy who made that You Tube video.
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