doughishere

Beat me to it. My guess is that it allows them to reference the materials at oral arguments before the courts, but that it did not allow for the removal of the protected designation from the documents wholesale. We will see how this translates into the oral arguments on Friday. As mentioned before, I plan on attending, and I'll report back what transpires. Appreciate it Merk

Yeah. I read that in the article. Fascinating website. Thx

Merk, where do you get the opinion. Talk about saving face. God. That sounds familiar. To bad theres no House committee working for share holders.

Huh? Fast and furious documents?

Peter Chapman. Prof. Yoo filed a request today for permission to file an amicus brief in support of the Class Plaintiffs' request to be able to reference a limited amount of confidential discovery material during oral argument before the D.C. Circuit in Perry v. Lew on Fri., Apr. 15, and copies of his request and proposed amicus brief are attached to this e-mail message. Prof. Yoo points out that the documents to which the Class Plaintiffs want to refer aren't privileged, or the Class Plaintiffs wouldn't have them, so the reason this handful of documents more than three-years-old isn't public is not because they are privileged but because the government doesn't want the public to second guess its decision to nationalize the GSEs and wants to avoid public criticism. 13-465-0307.pdf

"self-flagellation" just sounds wrong in any context.

This is just to consider the case, no? This could go on forever. Edit: Or if they decide not to hear the case then it could be pretty short.

Yeah good find luke.

Way off subject but this documentary is just WOW. If you can stomach it. http://www.hbo.com/documentaries/only-the-dead-see-the-end-of-war

Working for Fannie Mae is about to get extremely enviable April 1, 2016 Cynthia Barraza http://www.housingwire.com/articles/36668-working-for-fannie-mae-is-about-to-get-extremely-enviable

So we have this and oral arguments next week. The resolution of these cases should be tied to the defenses salaries

I think PSH may be a good one here...you basically get VRX as a free option.

What did the President say on Thursday?

Give me a break. Any thoughts on them pushing Perry back?

The next date to consider is April 15, 2016 for the oral arguments in the Perry Appeal. Where'd you get that from PACER?

Its not that interesting......To be fair there are a lot of other funds out there that hold significant portions of stock....Pershing, for instance last time they reported controlled nearly 9% of the common. Edit: Third Ave has holdings in the prefs....http://thirdave.com/wp-content/uploads/2016/01/TAF-Shareholder-Letters-and-Report-Q4-2015.pdf Who knows what Perry has........You gatta really hunt up and see who holds this....its not just Fairholme . serenity now....lol....sorry....this is just dragging.

there are two litigation theories: takings in federal court of claims, and lack of statutory authority in perry and hindes/jacobs. if you think only the takings case will win, you should be in preferred. if you think lack of statutory authority cases will win, you can be in preferred or common. My lawyer buddy at UChicago asked the same thing...ie. whats the value at the time of the nws? What most people fail to see in the markets is that the common stock has the residual claims on any assets in the event of liquidation, common shareholders have these rights to a company's assets only after bondholders, preferred shareholders and other debtholders have been paid in full.....that is the definition of common stock...not some ticker symbol with a monetary value next to it that flashes on CNBC. I dont get why people cant put this together......It doesnt matter what "price" the common stock trades at....what matters is the residual claims...and.....there was no liquidation. Shit it could be argued taht a liquidation would have been better for the shareholders. There was a company making a metric shit ton of cash, still is, that the govt purposefully left a residual claim on the common and preferred stock. I just want my residual claim that was set forth in the original deal...the NWS was a reneging of a deal when the future looked brighter for hedge funds......i dont get whats so difficult about that? This isnt rocket science.

Cherz, Merk Whatching "people vs oj" what are the ramifications/possibility/odds of the govt. referencing material that they didn't hand over in discovery in their oral arguments? Not really concerned....just curious.

Start one up. Share it with us when you get it.

Buffett on accounting https://youtu.be/X5MqqU-sz6o?t=1723

https://www.youtube.com/watch?v=1U_HyD2_IQY Mostly on the Media business....it is from '92 "7 hours a day reading"

Ole Billy, inheritor of a brand new 11.3B mess, has some words. See attachment.

Maybe its not just COBF.

Check out this spreadsheet I did for my accounting 101 course. Theres a number of conventions that accounting follows that are not terribly difficult but do require some time to explain...unfortunately i cant get super in depth at the moment but take a look at the "Example - Effective Interest Method - Above Par" and "Example - Effective Interest Method - Below Par" tabs. Most of its taken from Financial Accounting 14e. Weil, Schipper and Francis. https://docs.google.com/spreadsheets/d/16X83T6458CQSGwalodTw6psz_tm7V5goZ_k52DxDhsc/edit?usp=sharing I was thinking of doing a like Accounting 101 workshop with the above mentioned book. I've done like 99% of the problems in the chapters but didn't think there was any interest.

That is to be expected in this investment or any other heavily litigated situation. The real question is whether or not you let the fact that you are weary impact your decision making. But its more than just investment decisions. I have a very poor opinion of people. High bureaucracy. High self interest. Seems silly at moments. But, Im still here...so it cant be that bad....Such is life. Edit: this board is excluded. Yall are much better than I am. Thats for sure.