Potential ohne ENDE?

Fall Sweeney:
Am 21.05.2015 authorisierte Richterin Sweeney die Kläger, einen Antrag auf Einsicht in die unter Verschluss gehaltenen Dokumente zu stellen.
http://www.housingwire.com/ext/resources/...015-07-22-at-12023-PM.png
Diesen Montag - am 03.10.2016 - gewährte Sweeney nun diesen Antrag.
http://www.nytimes.com/2016/10/05/business/...rtgage-giants.html?_r=0
Allerdings können die Anwälte der Regierung noch Einspruch erheben. Und da sie die "United States" vertreten, haben sie 60 Tage dafür Zeit.
https://www.law.cornell.edu/uscode/html/uscode28a/...004----000-.html
4(B)(i)

Fall Ginsburg:
Richter Ginsburgs Urteil ist bald überfällig. Dann kommt Bewegung in die Aktie.
Aber er ist ja bekanntermaßen ein Freund des guten Joints. Das kostete ihn 1987 wohl auch einen Platz im obersten Gericht.
https://en.wikipedia.org/wiki/Douglas_H._Ginsburg
Also: Gut Ding will Weile haben. Ginsgurg läßt sich eben Zeit. Und hoffentlich bekommt er keine Paranoia angesichts der 250 Milliarden plus der 2 Firmen, die er ausgerechnet der Regierung wieder wegnehmen soll.

Ich nehm es mit Humor. Dann fällt das Warten leichter und der Aktienkurs interessiert mich vor dem Urteil auch nicht - wobei, beinahe hätte ich nachgelegt. (-;  

2,5zig..huuuuhhhhh....

www.forbes.com/sites/richardepstein/2016/...ootix#2224fa043637

Damit haben wir mal wieder ein Datum :-)

" ..
In the end, the case is so one-sided that there is no mystery why Judge Sweeney concluded her opinion by demanding bluntly: “defendant, by no later than October 14, 2016, shall file a memorandum with the court explaining why the court should not require defendant “to pay [plaintiffs’] reasonable expenses incurred in making the motion, including attorney’s fees
.. ”

Hi,
kann wohl eine spannende Woche geben. Hoffentlich auch erfolgreich für Richterin Sweeney und für uns.
MfG

bei IHub

Navycmdr Member Level   Monday, 10/10/16 09:36:47 AM
Re: None
Post # of 355795
                    §
GSE Plaintiffs Still Waiting To Receive Exhibit 1 Documents

Oct. 10, 2016 8:52 AM ET| Glen Bradford

BRIEF-Fannie Mae announces pilot sale of reperforming loans

Oct 11 Fannie Mae
* Fannie Mae announces pilot sale of reperforming loans
* Fannie Mae - Began marketing first sale of reperforming loans as part of company's ongoing effort to reduce size of its retained mortgage portfolio
* Fannie Mae - Pool of approximately 3,600 loans, totaling $806 million in unpaid principal balance, is available for purchase by qualified bidders
* Fannie Mae- sale of reperforming loans is being marketed in collaboration with Citigroup Global Markets, Inc. bids are due on november 1, 2016 Source text for Eikon: Further company coverage
www.reuters.com/article/idUSFWN1CH0U9

"Nach Analystenschätzungen könnten die fragwürdigen US-Immobiliengeschäfte die RBS zwischen 2,5 und elf Milliarden Dollar kosten, wenn es zu einer Einigung mit dem Justizministerium kommt. Hinzu könnten 3,5 bis fünf Milliarden Dollar als Schadenersatz an die US-Behörde Federal Housing Finance Agency (FHFA) kommen, die im Namen der Immobilienfinanzierer Freddie Mac und Fannie Mae agiert."
www.handelsblatt.com/unternehmen/...rafzahlungen/14669792.html
Unser Geldeintreiber: Die FHFA
Geteilt wird später.

Court: CFPB Structure “Unconstitutional”….. FHFA Structured the Same Way

Posted by ToddSullivan on October 11th, 2016

Quote:
" This ruling could have earth shattering ramifications..

Another ruling out today by the 4th Circuit goes against the government and coupled with this one from last week, we may be getting a stronger idea of how they may rule in the Perry appeal before them. Granted, this is a different judge panel than deciding the Perry appeal but one has to think these judges talk to each other. It would be highly uncomfortable for them to issue concurrent rulings that counter each other. For that reason alone one has to be sure the judges in Perry have been aware of this ruling and the reasoning behind it for some time. More on this later..

There has been considerable argument in the GSE litigation regarding the “rights of the conservator”. Plaintiffs have argued that the government overstepped its rights and transitioned from a conservator to a receiver without the proper notice and procedure (among other things). Further, they argue that Treasury was in charge of the whole operation, not FHFA as the regulator/conservator as the statute requires. For those main reasons (and others), the NWS should be invalidated. Plaintiffs argue HERA was based wholly on the statute the FDIA governs the FDIC in bank conservatorships and its history dealing with those troubled institutions should guide the courts.

“A Conservator is under the statute, under the regulations, under the same statute the FDIA that governs the FDIC, and decades of tradition and common law as conservator is a trustee for the assets of its ward”

The government claims that is not true and that HERA basically says “we can do anything we want”.

Plaintiffs counter that by saying if Congress has meant for HERA to say “we can do anything we want” they would have placed it in the statute. The fact that HERA is essentially exactly the same as the FDIC statute means Congress did not intend HERA to mean that.

In PHH v CFPB the court today ruled (emphasis mine)

Fannie, Freddie, The CFPB Court Decision, And The Appeal: The Waiting Continues
seekingalpha.com/article/...-decision-appeal-waiting-continues

Es heute beim Minus bleibt, ist es wahrscheinlich der Welt-Banken-Situation geschuldet.  

FHFA Tries To Prevent GSE Lawsuit Settlement For Accounting Fraud


Summary

As a non-party the Federal Housing Finance Agency is now trying to prevent PricewaterhouseCoopers from settling their direct accounting fraud lawsuit with Freddie Mac shareholders.
FHFA says that only it can control shareholder litigation surrounding Freddie Mac, effectively eliminating it all together not unlike a nationalization except you can still own shares which is odd.
The Perry Capital Appeal is the main event that all GSE shareholders are waiting for and we expect to see that come out any given Tuesday or Friday.
PricewaterhouseCoopers acted alone to settle the accounting fraud lawsuit. FHFA may succeed at stopping a settlement but by doing so may open pandora's box for more accounting scrutiny.
seekingalpha.com/article/...awsuit-settlement-accounting-fraud

With the government taking all of the money you may wonder if there is even an investment opportunity here at all because the discounted cash flows of nothing are technically $0. You're right. Owning the publicly traded shares is a bet that the government will be forced to follow the spirit of conservatorship law as plaintiffs in multiple lawsuits interpret it. The governing law in most prior conservatorships is the FDIA whereas in this case it is HERA, which was modeled after the FDIA. While the FDIA governs the FDIC, HERA governs the FHFA.

Investment Thesis: Where there's smoke there's fire. The government opposed the settlement suggesting that plaintiffs shouldn't be allowed to settle because it's not their right to pursue litigation against the auditors. The auditor's move to settle seems to suggest that they believe that the government is wrong or at the very least would lose their motion to substitute. This thought is in line with the court's remark that jurisdictional issues come before merits issues. Nevertheless, after settlement as announced the government tried to step in and stop it, but now the case has been dismissed permanently (with prejudice means permanently). In the event that judges in Perry Capital and other lawsuits come to the same conclusion PwC came to, it's reasonable to expect legal rulings that prevent the government from nationalizing Fannie Mae and Freddie Mac after taking $100B of cash out of them under the veil of conservatorship. In this scenario, preferred shares have a fixed upside and common shares have more upside but also are exposed to the discretionary decision making risk inherent to a conservator that has claimed in court no fiduciary duty to shareholders. William Ackman and Richard Bove suggest that $20 per common share is reasonable because combined the companies make $15B/annum. Yes, these are Fortune 50 companies with $5T of assets that trade like deserted penny stocks. The preferred shares are worth upwards of par and perhaps more if the class plaintiff claims in the DC District Court of Appeals have merit and shareholders are paid back dividends.

ycharts.com/news/story/PRN-PH22660

kip128932156   Tuesday, 10/25/16 09:46:22 AM
Re: None
Post # of 357221
                    §
From Tim Howard Site

Anonymous on October 25, 2016 at 1:12 am
It looks like the deadline for the govt to provide documents to the plaintiff in the Sweeney case is tomorrow Oct. 25. (see today’s filing Case: 1:16-cv-02107 Document #: 50)
……..
The Court of Federal Claims reviewed that document and concluded that Fairholme’s need for it and others was “paramount.” Op. 49.
The United States requested until October 25 to analyze the Court of Federal Claims’
ruling and assess its legal options, but it has not ruled out the possibility that it may attempt to even further delay production of the documents in question.


Nov. 14th is the deadline for the Govt to respond in regard to plaintiff’s expenses. Oct. 25th must be the deadline for motion to compel (delivering the documents) which is different than the motion for attorney’s fees.  

FHFA's Emergency Motion To Compel Production Of GSE Settlement Agreement
Oct.26.16 | About: Fannie Mae (FNMA)


Glen Bradford

Summary
FHFA is now alleging that plaintiffs and defendants in the PricewaterhouseCoopers accounting fraud lawsuit settled out of court.
FHFA wasn't invited to the hearing on October 31.
FHFA is demanding the settlement agreement so that it can determine how best to fulfill its statutory duties in advance of the October 31 hearing.
FHFA as a nonparty demands the production of the settlement agreement by plaintiffs before the close of business October 28.
PWC didn't want to produce the settlement agreement voluntarily. Plaintiffs didn't want to produce the settlement agreement voluntarily.
seekingalpha.com/article/...9c320c&uprof=82&dr=1#/alt1

Sweeney Orders Government to Produce Docs….
By valueplays on October 26, 2016 4:11 pm in Stocks


Well, this did take long. Just a day after Fairholme filed an emergency motion requesting an order to force the government to turn over docs, Judge Sweeney granted it.



 

Hi,
dazu der Beitrag bei iHub von JusticeWillWin (danke für das Einstellen des Dokumentes)
          §Thursday, 10/27/16 07:57:21 AM
Re: Patswil post# 357537
Post # of 357544
                    §
Nice! Sweeney slaps the government!

Motion granted: valueplays.net/wp-content/uploads/...6-10-26-at-3.50.47-PM.png

MfG

Wer ist besser für Fannie- und Freddie-Aktionäre ?
Ist hierfür eine eindeutige Antwort möglich ?
Danke

Feds Seek to Block Release of Fannie Mae and Freddie Mac Memos
Justice Department appeals judge’s ruling on 56 documents.
fortune.com/2016/10/27/...-freddie-mac-block-document-release/
Invoking an emergency procedure Wednesday evening, the Justice Department appealed a judge’s order that would force the government to turn over at least 56 documents that might shed light on why mortgage finance giants Fannie Mae and Freddie Mac were effectively nationalized in August 2012.

Die Regierung ----mit Fuessen und Klauen wehrt sich diese Band....um nicht die 56 Unterlagen heraus zu geben,Die von den Klaegeranwaelten geforderten 56 Dokumente sind vermutlich die saftigsten aus den 12 000 welche man der Bevoelkerung nicht zeigen will.Auch die  anderen Gerichte wo gleiche Klagen laufen wuerden sicher die 56 Dokumente verwenden.Es muessen schon brisante Dokumente sein,

Schatzkammer und FHFA-Beamte wussten tatsächlich, dass die GSE im Jahr 2012 (und möglicherweise sogar im Jahr 2008) gesund waren, aber ihr Vermögen aus opportunistischen Haushaltsgründen beschlagnahmten, darunter vielleicht den Wunsch, die Schuldenobergrenze zu verschieben.
PS.Ich glaube es auch.

Department Of Justice Petition For Secrecy Hurts GSE Shareholders

Oct. 28, 2016 6:23 AM ET| Glen Bradford ...  

..... Summary .....

-- The Department Of Justice says Judge Sweeney has improperly allowed documents produced by discovery to be used in other lawsuits.

-- The Department of Justice says it correctly asserted privilege and that Judge Sweeney doesn't understand how privilege works.

-- The government's argument effectively boils down to one of government secrecy being necessary in order for the government to function properly.

-- These petitions take priority and it's reasonable to expect a ruling in the coming months if not weeks.
investorshub.advfn.com/boards/...?message_id=126122084Bradford

Nun schon das Department Of Justice    Justizministerium welches die Order bekam zu verhindern das die Menschen die Wahrheit erfahren.Gestern dachte ich noch was kommt nun was wird nun aufgeboten.

Die Wahrheit zu verhindern scheint in den USA unproblematisch möglich. Im Grunde genommen interessiert die Angelegenheit doch nur die  Altaktionäre sowie die neu eingestiegenen Fonds, welche laut Meinung der Allgemeinheit aus reiner Profitgier handeln. Denen soll man helfen? Solange keine belastenden Papiere nach der Art "edward snowden" veröffentlicht werden, haben wir vermutlich keine Chancen. In der großen Politik ist diese Affäre derzeit noch kein Thema. Dafür sorgt das untere und mittlere  politische Establishment mit ihrem Klüngel in der Justiz und bei den Banken. Von den beiden Präsidenten-Aspiranten brauchen wir weder jetzt noch in Zukunft Hilfe erwarten. Also wie geht es weiter?

Solange seitens der Behörden die Rechte, vor allem der Altaktionäre, nicht anerkannt werden, läuft es wahrscheinlich endlos so weiter.  Irgendwann schreiben F&F nur noch rote Zahlen; dann werden sie zerschlagen. Dann heißt es, siehe der Staat hat doch Recht gehabt.

Allen ein schönes verlängertes Wochenende. Vielleicht sehe ich zu schwarz und neue Chancen kommen. Hoffen wir es.