$FNMA #FANNIEGATE
Judge Lamberth's courtroom deputy made a notation on the docket this afternoon reflecting:
(a) Bala Dharan and Anjan Thakor provided rebuttal testimony today and shareholders rested their rebuttal case;
(b) Judge Lamberth denied the shareholders' motion about Mr. DeMarco's statement concerning pending legislation while he served as acting directors;
(c) Judge Lamberth denied FHFA, Fannie and Freddie's request to restrict shareholders' discussion in closing argument about damages;
(d) FHFA, Fannie and Freddie's renewed their motion for judgment as a matter of law and Judge Lamberth denied the request; and
(e) closing arguments commenced and will continue at 10:00 a.m. tomorrow.
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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.
