$FNMA #FANNIEGATE
The government filed its brief today telling the U.S. Supreme Court it should decline to review the Federal Circuit's decision, and a copy of that brief is attached to this e-mail message.
The Federal Circuit's decision "does not conflict with any decision of another court of appeals," the Solicitor General notes at pp. 18 and 26 of her brief. Indeed, Ms. Prelogar. That's because no government agency in world history has ever taken control of two of the largest shareholder-owned companies, gathered all of their future earnings into a pile, and given that bundle of value to a government in exchange for rescue financing that nobody's ever demonstrated was necessary in the first place.
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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.