$FNMA #FANNIEGATE
I received a request for Exhibit PP, which FHFA describes as an excerpt from deposition testimony by Joseph Mason, an expert witness for shareholders, revealing he didn't know FHFA asked Treasury in 2009 to permit the Enterprises to pay down the liquidation preference and Treasury declined request. Exhibit PP remains under seal at this time.
I've received additional requests for Exhibits I and J (2009 correspondence asking Treasury to permit payment of the liquidation preference) and NN, OO, PP and QQ (reports and additional testimony from Dr. Mason). Those exhibits also remain under seal at this time.
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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.