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Guido2

08/02/21 2:11 PM

#690768 RE: whitecorona #690765

That would be my guess until others can come with a more logical reason. In their brief, Fairholme did question the legality of the conservatorship. Here's an earlier post:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=165210616

I wonder if the government will settle with direct claims for missed dividends. The $5 billion set aside in the January letter agreement would easily cover this. They would still have to deal with the derivative claims.
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Golfbum22

08/02/21 2:14 PM

#690770 RE: whitecorona #690765

wouldn't they submitting a motion to vacate/drop the whole case if settlement was coming/signed already?

I think this is more like the gov't already shredded the good stuff we want and is producing stuff that makes their case stronger

kinda like a tennis match volley