Fannie/Freddie Consolidated Class Action
FHFA, Fannie and Freddie filed their reply brief in the D.C. Circuit restating their position the jury verdict should be tossed and they should prevail in the litigation. A copy of yesterday's filing is attached to this e-mail message.
In anticipation of dismissing Mr. Angel's appeal, the Federal Circuit asks the government if it believes each party should bear their own costs in the order attached to this e-mail message.
On review in the Ninth Circuit, a three-judge panel concluded last week FHFA's funding structure is fine and affirmed dismissal of Daisey Trust's complaint. A copy of the opinion is posted at https://scholar.google.com/scholar_case?case=7374568374783741661
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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.