doughishere Posted March 25, 2015 Share Posted March 25, 2015 Npr picked up the story yesterday http://www.npr.org/2015/03/24/395119065/as-economy-rebounds-government-still-plays-role-in-mortgage-business Link to comment Share on other sites More sharing options...
doughishere Posted March 26, 2015 Share Posted March 26, 2015 Huffpo http://www.huffingtonpost.com/harlan-green/why-doesnt-us-government-_b_6912198.html Link to comment Share on other sites More sharing options...
fareastwarriors Posted March 26, 2015 Share Posted March 26, 2015 Fed Says Fannie and Freddie Have Not Repaid Taxpayers http://blogs.wsj.com/moneybeat/2015/03/25/fed-says-fannie-and-freddie-have-not-repaid-taxpayers/?mod=WSJBlog&mod=overheard Link to comment Share on other sites More sharing options...
brker_guy Posted March 27, 2015 Share Posted March 27, 2015 Don't know if you all saw this: http://www.housingwire.com/articles/33364-congresswoman-wants-to-put-fannie-freddie-profits-in-escrow Link to comment Share on other sites More sharing options...
muscleman Posted March 27, 2015 Share Posted March 27, 2015 Don't know if you all saw this: http://www.housingwire.com/articles/33364-congresswoman-wants-to-put-fannie-freddie-profits-in-escrow This is interesting. Link to comment Share on other sites More sharing options...
brker_guy Posted March 27, 2015 Share Posted March 27, 2015 Here is the link to the language of the bill: https://www.scribd.com/doc/260048843/Secondary-Reserve Link to comment Share on other sites More sharing options...
merkhet Posted March 31, 2015 Share Posted March 31, 2015 Here's my brief update from the status conference: (1) Apparently, some crazy person mass faxed everyone at the Court of Claims a few days ago. Seriously, there are some nutty folks out there. Sweeney called in the U.S. Marshals to investigate. (2) The disagreement between the government and Cooper seems to be on the timing of the depositions. The government would like to wait until after the document production is finished AND they've settled all the issues with the privileged documents. Cooper wants to be able to depose the witnesses immediately after the document production with the ability to come back to those witnesses if he is able to successfully challenge the privilege on various documents. Sweeney basically said to wait until the document production is finished, and we'll go from there. (3) The government has stated that document production will be finished by the end of April with the final privilege log done by the end of May. If Cooper needs more time for the depositions, Sweeney will grant an extension to the end of June deadline. Link to comment Share on other sites More sharing options...
intothebreach Posted March 31, 2015 Share Posted March 31, 2015 Merkhet: shame on you for not telling us about your new fax machine! A tad more seriously : ) thanks for taking the time and for the update. Link to comment Share on other sites More sharing options...
colinwalt Posted March 31, 2015 Share Posted March 31, 2015 Merkhet: shame on you for not telling us about your new fax machine! A tad more seriously : ) thanks for taking the time and for the update. +1 Link to comment Share on other sites More sharing options...
muscleman Posted March 31, 2015 Share Posted March 31, 2015 merkhet, thanks a lot! Link to comment Share on other sites More sharing options...
onyx1 Posted March 31, 2015 Share Posted March 31, 2015 Thanks for sharing Merkhet! Link to comment Share on other sites More sharing options...
merkhet Posted March 31, 2015 Share Posted March 31, 2015 lol, yup -- ya got me! Here's my view on why Cooper wants the depositions to occur prior to the privilege fight, and, concomitantly, why the government wants to wait until afterwards. Imagine you're a former government official, such as DeMarco, and you're called to show up at a deposition. Opposing counsel is basically going to try and push you to the point of perjury (much like the Starr case) and you'll have to ask yourself whether you're willing to risk flirting with perjury on the possibility that privilege gets lifted later down the line. Of course, you could sit back and say that you're not going to answer any questions, but then that provides Cooper with the ammunition to go back to Sweeney and say that lifting the privilege on those documents is the only way to get at the truth. It's rather shrewd. Link to comment Share on other sites More sharing options...
doughishere Posted April 1, 2015 Share Posted April 1, 2015 Thanks for the update merkhet. Do you actually go to court for the updates? Fool Article: A Step in the Right Direction for Fannie Mae and Freddie Mac Shareholders By Matthew Frankel http://www.fool.com/investing/general/2015/04/01/a-step-in-the-right-direction-for-fannie-mae-and-f.aspx Link to comment Share on other sites More sharing options...
orthopa Posted April 1, 2015 Share Posted April 1, 2015 lol, yup -- ya got me! Here's my view on why Cooper wants the depositions to occur prior to the privilege fight, and, concomitantly, why the government wants to wait until afterwards. Imagine you're a former government official, such as DeMarco, and you're called to show up at a deposition. Opposing counsel is basically going to try and push you to the point of perjury (much like the Starr case) and you'll have to ask yourself whether you're willing to risk flirting with perjury on the possibility that privilege gets lifted later down the line. Of course, you could sit back and say that you're not going to answer any questions, but then that provides Cooper with the ammunition to go back to Sweeney and say that lifting the privilege on those documents is the only way to get at the truth. It's rather shrewd. Nice thought, thanks for the update. Link to comment Share on other sites More sharing options...
Matson125 Posted April 1, 2015 Share Posted April 1, 2015 Has there been any progress on the Perry Case? Last I heard that they were going to appeal the judges decision but I haven't heard anything since. Can anyone shed some light on this? Link to comment Share on other sites More sharing options...
merkhet Posted April 2, 2015 Share Posted April 2, 2015 Thanks for the update merkhet. Do you actually go to court for the updates? Fool Article: A Step in the Right Direction for Fannie Mae and Freddie Mac Shareholders By Matthew Frankel http://www.fool.com/investing/general/2015/04/01/a-step-in-the-right-direction-for-fannie-mae-and-f.aspx Yes, I go to the court to get my updates. It's only about a mile from my apartment. Has there been any progress on the Perry Case? Last I heard that they were going to appeal the judges decision but I haven't heard anything since. Can anyone shed some light on this? Not much movement at all. Link to comment Share on other sites More sharing options...
doughishere Posted April 2, 2015 Share Posted April 2, 2015 How the Fannie and Freddie Conservatorship Has Undermined the Resolution Process By William Isaac and Senator Bob Kerrey | April 2015 http://static1.squarespace.com/static/53df1c98e4b0fedfbc2847dd/t/551c324de4b0e07d77de7216/1427911245022/William+Isaac+and+Senator+Bob+Kerrey+-+April+2015.pdf Link to comment Share on other sites More sharing options...
TwoCitiesCapital Posted April 7, 2015 Share Posted April 7, 2015 http://www.valuewalk.com/2015/04/fannie-mae-govt-preps-for-trial-before-sweeney/ Government preparing defense witnesses. Link to comment Share on other sites More sharing options...
merkhet Posted April 7, 2015 Share Posted April 7, 2015 It's strangely early for them to bring in a damages consultant. Link to comment Share on other sites More sharing options...
merkhet Posted April 8, 2015 Share Posted April 8, 2015 http://www.nytimes.com/2015/04/08/business/charles-grassley-questions-diversion-of-fannie-and-freddie-earnings.html?_r=2 Charles Grassley Questions Diversion of Fannie and Freddie Earnings For almost two years, shareholders of Fannie Mae and Freddie Mac have been asking the United States government about its 2012 decision to divert all of the mortgage finance giants’ earnings to the Treasury rather than let them repay taxpayers under the original bailout agreement. But the government has declined to disclose documents relating to that decision, contending that some may be subject to presidential privilege. Now, this cloak of secrecy has drawn the scrutiny of Charles E. Grassley, the Iowa Republican who is chairman of the Senate Judiciary Committee. On Tuesday, Mr. Grassley sent letters to the Justice Department and the Treasury asking for details about the decision and why the government has kept such a tight lid on documents relating to it. “The taxpayer has a right to know what has transpired,” Mr. Grassley wrote in letters to both Eric H. Holder Jr., the United States attorney general, and Jacob Lew, the Treasury secretary. “But, instead of transparency, there appears to be an invocation of executive privilege. If true, this is cause for concern.” A Justice Department spokeswoman said that its officials were reviewing the letter. A spokeswoman at the Treasury Department said its officials had not received the letter from Mr. Grassley’s office. ... Mr. Grassley asked Mr. Holder and Mr. Lew to respond to his questions by April 20. Link to comment Share on other sites More sharing options...
tede02 Posted April 8, 2015 Share Posted April 8, 2015 Nice to see a large publication continue coverage on Freddie/Fannie. For better or worse, you would think more attention would add pressure and lead to a quicker resolution. Link to comment Share on other sites More sharing options...
brker_guy Posted April 8, 2015 Share Posted April 8, 2015 It is good to see this issue is getting some Congressional attention again in DC... Link to comment Share on other sites More sharing options...
Matson125 Posted April 8, 2015 Share Posted April 8, 2015 Bruce Berkowitz on Bloomberg yesterday http://www.bloomberg.com/news/videos/b/d1ce6587-13ee-4577-ac99-8bb5c95af798 Link to comment Share on other sites More sharing options...
merkhet Posted April 8, 2015 Share Posted April 8, 2015 Bruce Berkowitz on Bloomberg yesterday http://www.bloomberg.com/news/videos/b/d1ce6587-13ee-4577-ac99-8bb5c95af798 I think that's from March 3rd, 2014. They mention winning a recent ruling on discovery, which was February of last year. Link to comment Share on other sites More sharing options...
TwoCitiesCapital Posted April 8, 2015 Share Posted April 8, 2015 Bruce Berkowitz on Bloomberg yesterday http://www.bloomberg.com/news/videos/b/d1ce6587-13ee-4577-ac99-8bb5c95af798 I think that's from March 3rd, 2014. They mention winning a recent ruling on discovery, which was February of last year. Yea. This came up on valuewalk for me yesterday. Have no idea why they're digging up old videos. Link to comment Share on other sites More sharing options...
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