Replies to post #760076 on Fannie Mae-No Politics (FNMA)

[JSmith5]

Have you ever done Jury Duty?

I'm not sure exactly when these fine folks will find out they are going to spend the next 2+ weeks deciding a contract case involving the Mortgage Banking Industry, but I would imagine a little disappointment from some of the Jurors when they find out.

I was on a jury for one criminal trial and in the pool for one civil. The civil trial was a factual situation somewhat similar to this one. A contract dispute between a couple of large Tyson's corner companies. Before jury selection started, the judge explained that this case was likely to go at least a couple of weeks and asked whether or not you could be available that long. And some of the people had commitments like being a care provider, etc. and were excused.

I am "cautiously pessimistic" and again berate those on the this board that did not want a bench trial. Same jury pool - same result. However, looking at the Nats in 2019 I guess anything is possible. I also said our Supreme Court Case was a 6-3 slam dunk. So what do I know?

Nats

[EternalPatience]

Fortunately or unfortunately I have not done..

So basically the clock starts from tomorrow for 2 weeks and then the decision comes out one fine day (the following Monday I assume) and an actual detailed write up later

[5bagger]

Cautiously optimistic too

1. Undoubtedly, there will not be 8 women. Say what you want but this is not a jury of peers. WTF was that? (Aside, I was on a murder trial jury and diversity helps)

2. The one email between Parrott and Wallison is damning for the govt. There was no death-spiral motive. It was about sealing the fate of twins as wards (servants, slaves, you pick the word) of UST and FHFA.

3. Knowledge gained from 1st trial will advise as to the stumbling blocks. The P lawyers now will know how to structure the argument better and clearer.

Sort of like a time-out called before a crucial play. You know the defense they are running, so you can then adapt.

Also, the common folk say, "Big deal" to the 5 or 10 cents, but I've got a lot of JPS. They are set to pay out the current value or more!

This ain't chump change.