Replies to post #690166 on Fannie Mae-No Politics (FNMA)

[MRJ25]

It makes you wonder why the attorneys bring up choice 2. Government has stolen too much already.
I guess the attorneys want to strike a deal; some deal is better than no deal. I would not support that proposition.

[trunkmonk]

Sometimes u gotta kiss the ring and move on.

[Mnemonic]

Indeed, by the time Director Watt’s term expired in January 2018, he was “the last remaining Obama-appointed regulator” leading a federal agency. Katy O’Donnell, Housing regulator settles sexual harassment suit tied to Mel Watt, POLITICO

I think it's hilarious that they referenced the article about Watt's sexual harassment.

[Bryndon]

"convert Treasury’s senior preferred stock to common stock."

Well, if you had any doubts about which class of shareholders are being represented by the Collins plaintiffs, you can lay them to rest.

I thought all along that this was the wrong case to address the NWS – using a constitutional loophole, of all things. And now for them to request this kind of alternative relief, knowing full well that if it’s granted it will devastate existing common shareholders. Unbelievable. I wonder if Marcus Liotta was consulted on this alternative.

In the end, however, the Collins case will not be the one to bring real relief to both common and preferred shareholders of Fannie Mae and Freddie Mac. It will come from the derivative cases in the USCFC.

[Brooge warrants cancelled]

the pref plaintiffs dont care

[bradford86]

Whether you agree with it or not i am glad you read the legal filing and the plaintiff request

Now you can see that collins plaintiffs are fighting for two options

Presumably treasury would prefer the second

We will see today perhaps

Welcome to legal arguments