$FNMA #FANNIEGATE
The Clerk docketed the government's brief today in Piszel v. U.S., and a copy of the government's brief is attached to this e-mail message.
The government is sticking to it's argument that Mr. Piszel entered into an employment contract with Freddie Mac, knew the business was highly regulated, and should have known that the government could change its mind at any time about the terms of his employment contract. The government ignores Pershing Square's amicus brief except for one mention of it in footnote 10 on page 23.
My calendar says that Mr. Piszel's reply brief is due Dec. 21.
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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.