We had to know this was coming, the government is requesting that Judge Sweeney issue a stay in the “Fairholme Lawsuit” PENDING APPEAL OF THE DISTRICT COURT’S SEPTEMBER 30, 2014 DECISION IN PERRY CAPITAL, LLC v. LEW ET AL. Unbelievable the lengths they will go to cover up their brazen crime. Judge Sweeney will not fall for this. I will likely add more analysis on this later,check back. Keep the Faith
Let’s not let the motion to stay proceeding in the “Fairholme lawsuit” distract us from our important work on the “Summary of Truth”. There have been numerous fantastic comments on yesterdays post. We are making great progress. Some folks keyed in on a big issue regarding the “Truth number three: Fannie and Freddie were used as a tool to save failing banks shortly after they were put into conservatorship in 2008.”
We need the exact dollar amount of the sub-prime MBS that Fannie and Freddie were forced to buy.