$FNMA #FANNIEGATE
There are two developments in Robinson v. FHFA today:
(A) Judge Thapur's discovered that he owns 16 shares of Fannie Mae stock. As a result, he wants to convene a telephonic conference with the parties tomorrow afternoon. A copy of Judge Thapur's Order scheduling that conference call to talk about how to navigate any potential conflict of interest is attached to this e-mail message.
(C) FHFA filed its Reply to Ms. Robinson's Response to FHFA's Supplemental Brief in further support of its Motion to Dismiss. FHFA likes its newly discovered capital classification argument and presses forward with it with Judge Thapur. A copy of FHFA's Reply is also attached to this e-mail message.
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Glen's Musings — AI, investing, and building things. Occasional. Free.
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.