Author Topic: FNMA and FMCC preferreds. In search of the elusive 10 bagger.  (Read 2537040 times)

muscleman

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #9410 on: February 20, 2018, 06:34:33 AM »
Supreme Court denied hearing.  ::)
Does this mean Perry case is officially dead, and the only legal pathway forward is the Sweeney case?
« Last Edit: February 20, 2018, 06:49:20 AM by muscleman »


rros

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #9411 on: February 20, 2018, 07:07:31 AM »
So this means... implicitly, it is all up to Congress. And given the state of affairs this means, in turn, it is all up to Mnuchin/Watt. Perhaps, not a terrible outcome.

As doors finally begin to shut down the few that remain open become more and more visible. The next door to shut down should be Congress.
« Last Edit: February 20, 2018, 07:11:37 AM by rros »

investorG

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #9412 on: February 20, 2018, 07:19:59 AM »
Supreme Court denied hearing.  ::)
Does this mean Perry case is officially dead, and the only legal pathway forward is the Sweeney case?

to the lawyers on the board:  although they are longshots in their own right, would the other outstanding cases in the 3 appeals courts + rop/bhatti be hurt by this supreme court ruling (ie is it viewed as a 'blessing' of the dc ruling)?  thank you.

muscleman, i think it's sweeney (which is years away from any potential positive outcome), delaware appeal, and maybe some pennies from the lamberth remand as remaining legal options. plus the longshot perry look-a-like suits mentioned above sprinkled around the country.

BeerBBQ

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #9413 on: February 20, 2018, 07:35:02 AM »
Does the denial strengthen the Sweeney case? Since the Government has successfully argued that they have the authority to take all the assets, will they be allowed to continue arguing that the FHFA is not part of the government in the Sweeney case?

orthopa

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #9414 on: February 20, 2018, 10:44:59 AM »
this really is waiting for godot.....

cherzeca

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #9415 on: February 20, 2018, 01:23:50 PM »
Supreme Court denied hearing.  ::)
Does this mean Perry case is officially dead, and the only legal pathway forward is the Sweeney case?

to the lawyers on the board:  although they are longshots in their own right, would the other outstanding cases in the 3 appeals courts + rop/bhatti be hurt by this supreme court ruling (ie is it viewed as a 'blessing' of the dc ruling)?  thank you.

muscleman, i think it's sweeney (which is years away from any potential positive outcome), delaware appeal, and maybe some pennies from the lamberth remand as remaining legal options. plus the longshot perry look-a-like suits mentioned above sprinkled around the country.

a denial of cert does not touch the merits.  if a circuit wanted to rule for Ps (big if) then it would know that its case conflicting with  perry would result in a likely grant of cert by scotus.  but generally other circuits are inclined to say hey this is an administrative law case, i'll just decide the way the dc circuit decided cause they handle more such cases

HalfMeasure

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #9416 on: February 20, 2018, 03:14:37 PM »
Supreme Court denied hearing.  ::)
Does this mean Perry case is officially dead, and the only legal pathway forward is the Sweeney case?

to the lawyers on the board:  although they are longshots in their own right, would the other outstanding cases in the 3 appeals courts + rop/bhatti be hurt by this supreme court ruling (ie is it viewed as a 'blessing' of the dc ruling)?  thank you.

muscleman, i think it's sweeney (which is years away from any potential positive outcome), delaware appeal, and maybe some pennies from the lamberth remand as remaining legal options. plus the longshot perry look-a-like suits mentioned above sprinkled around the country.

a denial of cert does not touch the merits.  if a circuit wanted to rule for Ps (big if) then it would know that its case conflicting with  perry would result in a likely grant of cert by scotus.  but generally other circuits are inclined to say hey this is an administrative law case, i'll just decide the way the dc circuit decided cause they handle more such cases

Wasn't the cert also rather narrow in its scope anyway?

cherzeca

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #9417 on: February 20, 2018, 03:54:34 PM »
@1/2
not really.  two claims were directed to invalidate NWS.

Seahug

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #9418 on: February 20, 2018, 06:49:13 PM »
So are we screwed and should we sell?

Except that seems best time to buy this is when absolutely looks hopeless and NOT when there is good news.

Seahug

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #9419 on: February 20, 2018, 07:20:03 PM »
I intend to hold. I think there's still that RNC resolution to release FNMA and settle.