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chessmaster315

03/21/14 5:58 AM

#195718 RE: obiterdictum #195711

Wow. Awesome answer. I nominate Obit to the Board of Directors of FNMA, with him/other board members knowing, in advance, that I fully expect the "new" board members to act in such a manner as to maximize shareholder value even when those acts may conflict with the interests of "high ranking" government officials. This would include a timely exit from cship, in a manner beneficial to shareholders.
I would also give the board the power to act on my behalf, in such decisions to the extent these decisions maximize shareholder value and dividends.
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crawford2012

03/21/14 6:44 AM

#195723 RE: obiterdictum #195711

Obiterdictum, excellent work...very helpful and easy to understand, I am sure many on the board find this information and analysis very beneficial, thank you as always.

Crawford.
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chessmaster315

03/21/14 11:08 PM

#196354 RE: obiterdictum #195711

Obit posted:

There are no identifiable "defects" in the Fairholme taking claims lawsuit in the US Court of Federal Claims that can be readily pointed out. What would such defects be in a takings claim lawsuit against the USA?

Chessmasters response:
By "defects" I mean that if we lost on "point A", then we could possibly still win by persuing "point B".

One advantage the Plaintif's seem to have: The Plaintiff's, even if we "lost it all" could file a somewhat similar lawsuit, perhaps even in a different state/district court, but while learning, and correcting the errors made in the previous suit.

This seems to happen because the plaintiffs do not necessarily argue every possible or plausable issue, but only the "best shots". And, there may be multiple "best shots" and the attorney needs to choose which he thinks are his best routes. He could also change his mind, sometimes after "discovery" reveals more information that he did not have available with the "old" lawsuit.

Of course, the government can appeal a shareholder favorable ruling to the US Supreme Court, where I assume all Federal District Courts are appealed. It would appear that the case would almost certainly be appealed regardless of the outcome, because the stakes are so high.

Im sure you are aware that the odds are very long against either side successfully appealing to SCOTUS, since most of the time the writ of Certiorari is denied and the case wont be even heard by SCOTUS.