Fannie Mae, Freddie Mac: Update On Perry, Fairholme Cases via TimHoward717.com
I want to provide an update on the Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) court cases. In the Perry injunction on June 5th judge Lamberth suddenly delayed the oral arguments hearing indefinitely. This was suppose to be held on June 23rd. As I said on June 24 “Although Judge Lamberth could forego the Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) motions hearing if he felt one sides case was ironclad I personally would be surprised if this were the case. Others feel that Perry’s attorneys do have that strong of a case and the decision may be forthcoming.” It is looking like I was correct so far.
In the Fairholme lawsuit, we saw the two sides request 18 additional days beyond the five days Judge Sweeney allowed to file a joint protective order. Judge Sweeney was keeping the case on a good pace so why would Fairholme agree to an 18 day extension? Why not simply say the government is being unreasonable, and we need you to decide on this? It is more than peculiar that both cases took a mysterious pause at around the same times. Information on both of the cases is still mixed and scarce another peculiar coincidence?
It’s safe to say that if they were trying to reach an agreement it is likely that the negotiations have either failed, or they are pretty far apart on what each will accept.We now hear that the motions hearing May take place in the Perry injunction case at the end of this month, but the fact that nothing is formally scheduled in the case is unusual. Friday is the new deadline for the joint protective order in the Fairholme case so we should have more answers than as well.
I also want to point out that I have heard that the fact that Jack Lew did not take the opportunity to bash us in his recent speech is something to be considered while trying to decipher the current legal riddle. I’ll let that tip stand on its own for now to avoid complicating this post.
Fannie Mae, Freddie Mac: David vs. Goliath?
As Far as our struggle overall we have finally turned the tide of what is an epic David vs. Goliath struggle by simplifying what can be a very complicated web of events. We have begun to enlighten people about the epic fraud the government has been perpetrating not only on the shareholders of Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC), but on America as a whole. I can assure you with confidence that our story is beginning to resonate in all corners of the U.S. power structure. We have effectively begun to change the tone of the conversation. This is very visible in the recent editorial in the Wall Street Journal by William M Isaac former many of the key points we have helped to spread are seen throughout his entire article. people are beginning to wake up to the dire ramifications that will occur if the government can pull off their brazen scheme.
Fannie Mae, Freddie Mac: Govt strategy
A large part of government strategy has been to keep a shroud of lies and misinformation over the truth regarding Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC). One post at a time we have slowly lifted the veil of this shroud exposing their lies and deceit for what it is.This could never have been done without the courageous efforts of many people and the incredible outpouring of support we have received in helping spread our simple message of the truth far and wide. We must not let up. We will continue to translate this unprecedented and volatile situation as it unravels. Thank you and Keep the Faith!
I understand that this was necessary in order to try and negotiate a settlement.
Court status- answers soon