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

The Collins Plaintiffs delivered a copy of a brief filed by the Department of Justice in Laccetti v. SEC, No. 16-1368 (D.C. Cir.), on Mar. 31, 2017, that they say directly contradicts FHFA's position that says the Third Amendment would stand if FHFA were unconstitutionally organized.  The Collins Plaintiffs tell Judge Atlas that the Department of Justice explains that while the agency action might not be immediately nullified, an unconstitutionally organized agency's final decision would not be insulated from judicial review and should be reviewed by a validly constituted tribinal.  A copy of the Collins Plaintiffs' filing is attached to this e-mail message.16-cv-03113-0050

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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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Disclaimer: 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.