Tuesday, May 12, 2015

Nomura trial ends, FHFA wins for Fannie Mae thus sending money to US Treasury!

Here is the interesting part:
New York (April 09, 2015, 6:28 PM ET) -- A New York federal judge on Thursday heard closing arguments in a $1 billion trial alleging Nomura Holdings Inc. sold shoddy mortgage bonds to Fannie Mae and Freddie Mac before the 2008 financial crisis, with an attorney for the bank blaming any losses on broader market forces. 

April 9, trial ends, 32 days later Judge Cote writes a 361 page Opinion!

That is roughly 12 pages a day since the trial ended! 
or
Was it written before the trial ended? 
Seems this case was won by FHFA before the end of the Trial.
Seems this case was won before the trial began. 

http://www.bloombergview.com/articles/2015-05-12/nomura-and-rbs-told-a-few-mortgage-fibs?cmpid=yhoo


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