As expected Judge Pratt dismissed the Continental Western case today in Iowa.This is not a case we have been covering but we did check in on this back on 12/18/14:
“I want to share briefly about the Iowa hearing in the continental case concerning the government’s motion to dismiss.I want to point out to our readers that this is not one of the cases we have been covering. Watching Judge Pratt, I felt like I was watching Woody Allen in a Saturday night live spoof on the GSE battle. He shockingly stated at one point “I don’t know anything about them” referring to Fannie and Freddie. If not for the content being discussed you would think the Judge was presiding over a dispute between Iowa pig ranchers.
Judge Pratt was fixated on the issue of jurisdiction, at one point he said that he thought the issue is rightfully being waged in Judge Sweeney’s court of claims. His reasoning was that it appears to be a takings issue as opposed to the APA issue that would be addressed in his court. He also repeatedly queried if there were any precedents that he was unaware of that would justify him hearing the case. It is very unlikely that a judge so incredibly unknowledgeable and disinterested in the gigantic issues before him will be willing to be a trailblazer. I must say I will be shocked if he does not grant the government’s motion to dismiss the case.”
I repeat: “Judge Pratt was fixated on the issue of jurisdiction, at one point he said that he thought the issue is rightfully being waged in Judge Sweeney’s court of claims. His reasoning was that it appears to be a takings issue as opposed to the APA issue that would be addressed in his court.”
Indeed this was the case.
There is a PDF below of the order. We may study the order and offer more analysis later.
The Fairholme lawsuit in Judge Sweeneys court is the one to watch,she has already informed the government that she is not stopping discovery based on the “Perry Injunction” appeal. Judge Sweeney clearly see’s right through our governments lying scheme and she is not pleased to say the least. Keep the Faith!