Read the screenplay: FANNIEGATE — $7 trillion. 17 years. The biggest fraud in American capital markets.
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$FNMA #FANNIEGATE

Glen Bradford
Glen Bradford@DoNotLose
·1 min read

Myron Steele, Esq., representing Messrs. Jacobs and Hindes in their lawsuit pending in Delaware, sent Judge Sleet two letters today, and copies of those letters are attached to this e-mail message.  One letter (Doc. 59) tells Judge Sleet that FHFA's enthusiasm about the applicability of Judge Scola's decision ordering FHFA substituted for Deloitte misses the mark and explains why.  The second letter (Doc. 60) tells Judge Sleet the U.S. Supreme Court's recent decision in Lightfoot v. Cendant says Fannie Mae can sue and be sued in both federal and state courts, and questions why Treasury thinks this case constitutes additional authority applicable to this case.15-00708-0059 15-00708-0060

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Glen Bradford

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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