Daisey Trust v. FHFA
In an order entered on May 16, the Honorable Andrew P. Gordon directs Daisy Trust and FHFA to submit a joint status report by Fri., June 21, sharing how they see this lawsuit proceeding in light of the U.S. Supreme Court's decision in CFPB v. Community Financial. A copy of Judge Gordon's order is attached to this e-mail message, and at https://www.supremecourt.gov/opinions/23pdf/601us2r21_db8e.pdf is a copy of the High Court's 7-2 ruling saying the funding scheme for the CFPB satisfies the Appropriations Clause.
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Glen Bradford
Investor · Builder · Writer
MBA from Purdue. Former hedge fund manager. Holds 26 series of Fannie Mae and Freddie Mac junior preferred stock. Built Cloud Nimbus for Salesforce consulting. Author of Act As If. Writes about investing, building things, and the longest financial fraud in American history.
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Read moreDisclaimer: This blog post reflects the author's personal opinions at the time of writing and is not financial, investment, or legal advice. Glen Bradford holds positions in securities discussed on this site. Past performance is not indicative of future results. Do your own research and consult qualified professionals before making investment decisions. Some content on this site was generated or edited with AI assistance.