Fannie Mae, Freddie Mac: Ted Olson’s Appeal Filed

Fannie Mae, Freddie Mac: Ted Olson’s Appeal Filed

Fannie Mae

Photo by NCinDC

Fannie Mae, Freddie Mac: Ted Olson’s Appeal Filed by Todd Sullivan, ValuePlays

Ted Olson filed his appeal in the Perry v FHFA/Treasury yesterday. It is 104 pages and goes into stunning detail but below is the cliff note argument for those who do not wish to read the whole thing (Perry Appeal).  District Court Judge Lamberth’s decision was slovenly. He simply punted on the decision knowing full well discovery was happening before DC Court of Claims Judge Sweeney and that the Appeals Court, should it disagree with him, would send the case back to him at which time discovery would be done before Sweeney and that could be incorporated into his court. If the appeals court agrees with him, then the case is off his plate. Either way it is off his desk while the other courts do the heavy lifting in these cases…..slovenly

Olson requests: “This Court should reverse the judgment below and remand with instructions to vacate the Net Worth Sweep.”

I’m skeptical the appeals Court orders Lamberth to vacate the NWS. My guess would be they remand it back to him with instructions to “do your goddamn job” and actually hear the case.  You know, like, be a Judge.

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