$fnma #fanniegate
The Montilla Plaintiffs want the First Circuit to revisit FHFA's status as a government actor in light of the Collins decision. The Montilla Plaintiffs say that because the High Court rejected applying O'Melveny, as the First Circuit did, to say that FHFA stepped into the shoes of the GSEs, the appellate tribunal should now perform an "entwinement analysis" described in the U.S. Supreme Court's 2001 Brentwood decision to see if FHFA qualifies as a government actor. A copy of the Montilla Plaintiffs' petition for a rehearing 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.