Thanks.
Judge Sweeney seems eager to refund Fannie and Freddie $124 billion.
Judge Lamberth has located his backbone and ordered Treasury to provide plaintiffs with the requested 65,000 discovery documents.
Enbanc recognized the NWS for what it is, a swindle.
Other cases are lining up. Originally, it was Judge Lamberth's ruling that started the chain reaction of cases against the government being dismissed. It's fitting that his court is now in the forefront of setting things right.
Yes, nothing happened for ages. But, the tide has changed. The current financial situation makes even the MBA understand that a well capitalized Fannie Mae and Freddie Mac is to everyone's benefit.
The last 8 years Fannie and Freddie have been sending the Treasury "dividends" exceeding $10 per share. After they are capitalized and the preferred are paid, the rest belong to common shareholders. Why should I be happy to sell between $40 to $50? If I need money, I'll sell my preferred.
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