$FNMA #FANNIEGATE
Treasury wants an additional three weeks to respond to the sealed motion filed in Judge Lamberth's court on May 18. Fairholme's given its consent to the extension request. Treasury discloses the sealed request filed last week asks Judge Lamberth to compel Treasury "to produce all documents that it has withheld pursuant to the deliberative process privilege and that discuss the preferred stock purchase agreement amendment that is at issue in this litigation." A copy of Treasury's three-week extension request is attached to this e-mail message.
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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.